EUR keeps it between the lines of 1.44

Wednesday, 11 May 2011 12:05

The European currency hit a week low at 1.4253 against the American currency.  Analysts are saying that the euro will probably stay at around the 1.44- line unless shaky news such as a rate hike renewal hits from the European Central Bank. 

Speculation about the a Greek bailout plan was also one of the factors affecting the euro, though it is yet unknown whether a bailout package for Greece will indeed be put forward. 

EUR/USD is currently trading at 1.4406

EUR/GBP is trading at 0.8784

Further news are expected later today by the Bank of England about inflation and interest rates.