Market Moving News: EUR/USD - Oct 11

By @ibtimes on

Eur/usd - 1.4756 ... The euro has edged lower on long liquidation n not much reaction was seen to the ECB's announcement that it wud keep its benchmark interest rate unchanged at 1.0% as widely expected. Obviously, focus will now be on ECB President Trichet's press conference at 12:30GMT, in which he may suggest a note of caution about the economy n also comment on the euro's recent strength against the dlr. Bids are noted at 1.4720/30, 1.4700 n further out at 1.4670 while offers are tipped at 1.4790/00 with stops placed abv the 1.4800 barrier...

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