nirvanatgr
Joined: 11 May 2011
Posts: 1596
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 Posted: Wed May 11, 2011 2:09 am Post subject: with divergent rate expectations from the respective central |
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The European Central Bank,
on the other hand,
is expected by some to signal the next interest
rate hike at its rate setting meeting scheduled for tomorrow.
Some analysts point out, however,
that recent comments from ECB officials suggest
that the central bank would prefer to take a wait-and-see stance,
fearful that a hike could do more harm to fiscally troubled peripheral states.
The Euro was trading against the U.S.
Dollar at $1.4826, only slightly off the $1.4902 17-month peak struck on Monday.
Since February, the Euro has gained nearly 11% on the greenback,
with divergent rate expectations from the respective central banks underpinning sentiment. online bingo
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