India Forex Advisors / Market Commentary / 06_Aug_2010

06 August 2010 @ 04:34 am EDT

The EURUSD was volatile but indecisive yesterday. The Euro broke higher after range trading last week the market push to the high of 1.3262. The market has turned cautiously bullish on the EUR for the moment. The ECB has left the interest rates unchanged to 1%. whereas Trichet says in the press conference that these rates are “appropriate” and expects "price developments to remain moderate". (EURUSD– 1.3180).

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