Saturday, November 2, 2013

Weekly Review and Outlook: Euro Reversing on Rate Speculation, ECB Watched This Week

Sentiments towards Euro had a drastic turn last week. Broad based, steep selloff was seen in the common currency as much lower than expected inflation reading triggered speculations that ECB could cut interest rates from the current 0.50% historical low, as soon as this week. Weakness in Euro dragged down



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