Category: Currency Currents
- Published: 02 October 2008
- Written by Editor
FX Trading - ECB Policy Still Standing Still, Euro Losing Its Footing ...
I guess the European Central Bank is tired.
After pumping tens of billions of euros and dollars into its financial system over just the last two weeks, the ECB couldn't muster up enough energy to cut rates today. The ECB left their benchmark lending rate sitting at 4.25% after they concluded their policy meeting this morning.