Trichet announces rates at 1.25%; Euro tumbles down

Thursday, 9 June 2011 04:01

European Central Bank President, Trichet, announced that rates were to be kept at 1.25%. This was widely expected by the markets.

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Euro above 1.46 prior to ECB statement

Thursday, 9 June 2011 12:31

The Euro opened up at near 1.47 highs earlier in the morning versus the U.S Dollar and tumbled down only to stop before exiting the 1.46 line. The european currency is keeping steady, awaiting for Trichet’s ECB statement later today.

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