FX : ECB keeps its Refi Rate unchanged at 1.0%; Euro remains at day highs
FXstreet.com (Barcelona) – The European Central Bank Monetary Policy Committee has decided to leave its Refi Rate unchanged at 1.0% after its monetary policy meeting. The Euro has remained little moved around intraday high.
The European Central Bank, as usual did not give any further explanation, so all the eyes are set on the press conference Mr. Trichet will hold later at 12.30 GMT for hints about the bank's assessment about quantitative easing measures.
EUR/USD has edged down about 10 pips after ECB released its monetary policy decision, and from 1.4348, the pair has eased to 1,4338 , right below resistance level at 1.4345.
