Mid-Day Forex Technical Report - Euro Dives Further after Trichet, $ Index above 80 |
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Action Insight Mid-Day Report Euro Dives Further after Trichet, $ Index above 80 Euro dives further in early US session after ECB Trichet left rates unchanged at 4.25% but delivered a much softer message in the following press conference. A few points to note. Firstly, the governing council did discussed two options, on hold and cut rates, even though the rate to hold rates was unanimous. Secondly, Trichet noted weakening of Eurozone economic activity has been "very visible" and recent data
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