FXstreet.com (Buenos Aires) - Dollar end the day mostly down against major rivals, except for the euro, that resume it's previous sessions decline Wednesday, ahead of ECB monetary policy. Risk appetite around the board was not affecting Euro, as investors fear how aggressive will be this meeting decision. Market is not only waiting for a rate cut to a record low of 1.00%, but the so repeatedly mentioned unconventional measures is where attention will be. These measures, that many understood as credit easing, will be announced after the rate decision, during Jean Claude Trichet's press conference. Is likely that such announcement, will make Euro tumble.
Later Thursday around 5 p.m. east time, FED will finally announce the results of the bank stress test of the 19 largest banks in the U.S., although some comments have been made already and speculation that at least 10 of those banks need to increase their capital, are also keeping risk appetite under control.
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