Euro (EUR)

Euro weakened slightly versus the Dollar after ECB left the Interest  Rate at a record low of 1%. The Euro gained for most of the session  before the Interest Rate announcement but remarks from ECB's President  Trichet, that recovery will be bumpy caused the Euro to erase its  gains. Overall EUR/USD traded with a low of 1.4235 and a high of  1.4346. Today, ECB President Trichet speaks and his comments may  determine a short-term positive or negative trend. The Italian Trade  Balance is expected at 0.93B vs. 1.19B previously.

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