Action Insight Daily Report Euro at Record Highs ahead of ECB, BOE Euro extends rally against dollar and reaches new record high above 1.53 ahead of ECB and BoE meeting. Facing high inflation of 3.2% yoy, slowing economic growth that dropped to 0.4% qoq in Q4, and an extremely strong currency, ECB is widely expected to keep rates unchanged at 4.00% today. Focus is again on the post meeting press conference. Trichet has softened his tone last month, saying that “incoming data have confirmed
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Thursday, March 6th, 2008 at 11:15 am
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