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Daily Market Review - February 7th 2013

Posted on February 7, 2013 by Mike Roberts in Daily Market Review No Comments

EUR/USD

The EUR/USD has largely slowed down on Thursday as traders are focusing on the ECB meeting taking place later today. Most economists predict that there will be no alteration in central bank’s policies but will be listening to Mario Darghi’s language and tenor extremely closely. Since euro has ascended quickly against a plethora of currencies in recent weeks, stockholders are worried that mounting pressure on Darghi may cause him to tweak policies in order to halt to the euro rally. However, most economists do not foresee that rate cuts will be part of new ECB policies.

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