Euro stays firm before ECB meeting

Note: This section contains information in English only.
Source: Reuters
The 18-nation bloc currency held firm on Thursday trading session before the European Central Bank announced its decision to cut the benchmark interest rates further amid speculation of increasing deflation in the region. The Euro remained stable traded at $1.3528 rising from the lowest level in two months at $1.3477 reached on Monday session.

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Thu, 06 Feb 2014 09:34:03 GMT

Greenback fluctuates versus Yen before payrolls

The U.S. Dollar remained steady on Thursday trading session and traded above its eleven-week low against the Japanese Yen after recent economic data showed unfavourable results and as investors expect Friday's report to showed that payrolls rebounded last month. The Greenback traded at 101.47 yen gaining from its lowest level in almost 3 months at 100.76.

Thu, 06 Feb 2014 09:12:05 GMT

ECB may cut its interest rates on today's policy meeting

The European Central Bank may ease its monetary policy further on today's meeting as investors expect the bank to cut its interest rates by another 25 basis points, or 0.25%, after recent economic data revealed unfavourable results and slowing inflation. Investors bet on an interest rate of conventional 25 basis points, however, the cut may be lower of about 0.1-0.15%.

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