Currency War (Tag, You’re It)
by admin on Thursday, July 7th, 2011 | No Comments
A sway of information from European Central Bank caused abundant amount of volatility in EUR/USD currency pair. As anticipated, ECB hiked the interest rates by 25 basis points to 1.50%. However Trichet’s Press Conference, caused uncertainty in the market place about eventual rate hikes. Currency market sold off the Eurohttp://feeds.actionforex.com/~r/ActionForexall/~3/J7_ZQQMtuYM/