5/6/2008 - The Current Market Sentient |
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A massive change has happened to the single currency outlook over the short term today after very hawkish comments from the ECB president Trichet in his press conference after the ECB decision to hold the interest rate unchanged. Trichet has hinted that there can be a rate hike for stalling price stability over the medium term after the increased threats of inflation recently which can expose the Euro zone to a second round effect of inflation which is desirable and should be frightened. The
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