The ECB lowered policy interest rates 25bp to 1.25% from 1.50%. Deferment was widely expected. The stronger euro selling the announcement. Eurodollar 1.3730 level is temporary euro-yen level has plunged to 107.10. Meanwhile, the stock market has been favorable. The German DAX index higher to 6193.34 to 6100 levels.NY is unexpected market ECB rate cut, stocks also rose, the stronger selling euros
Wednesday, November 2, 2011
NY is unexpected market ECB rate cut, stocks also rose, the stronger selling euros
The ECB lowered policy interest rates 25bp to 1.25% from 1.50%. Deferment was widely expected. The stronger euro selling the announcement. Eurodollar 1.3730 level is temporary euro-yen level has plunged to 107.10. Meanwhile, the stock market has been favorable. The German DAX index higher to 6193.34 to 6100 levels.NY is unexpected market ECB rate cut, stocks also rose, the stronger selling euros
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