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Forex News / Euro Vulnerable Ahead OF ECB Rate Decision, Will U.S. Bank Stress Test Reverse Optimism

07.05.2009

Euro Vulnerable Ahead OF ECB Rate Decision, Will U.S. Bank Stress Test Reverse Optimism

Forex News /

The Euro has started to discover back up after falling to as little as 1.3251 against the dollar as conjecture has started to grow that the ECB may not cut rates which was supported close by March German works orders unexpectedly gaining 3.3%. It was the first certain reading in action representing the regions largest economy in seven months which helped push the euro/dollar to as high as 1.344.




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