Share 'Increasing exceptions for a rate cut by the European Central Bank.'
EURUSD hit a low 1.2425 earlier today as concern on Spain increases and as the market prices in an ECB rate cut. A near term short covering, and bounce in the EURUSD can be expected at such levels however the down trend will probably resume. The forwards market is starting to price in a rate cut by the ECB. Standard Chartered Bank analyst: The rates market has started to price in an ECB cut. Whil…
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