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7Apr/110

Euro vs US Dollar: European Central Bank (ECB) Policy Meeting Latest Focus on Debt Sales

Euro vs US Dollar: European Central Bank (ECB) Policy Meeting Latest Focus on Debt Sales










Toronto, Canada (PRWEB) January 14, 2011

The take-away seems to be that developments surrounding the Euro Zone sovereign debt crisis are firmly in charge of the single currency. Interestingly, the problems within the currency no longer appear to be weighing down investor confidence at large as swelling expectations of a resurgent US economy boost risk appetite. On balance, this puts the onus on the monetary policy announcement from the European Central Bank as traders look to Jean-Claude Trichet and company for concrete ideas on how to squash the crisis. Before the announcement however, the outcome of Portuguese and Spanish bond auction will set the tone, with poor uptake likely to weigh heavily on the single currency.

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