Trichet was slightly less hawkish than expected, he said that the ECB does not "pre-commit" on rates. There seems to be some doubt as to whether there will be any more rate hikes after July...reminds me of the "one and done" situation some years ago with the Fed. Next support is seen at 1.4477 and then the 1.4415 - 1.4390 area.
Trichet was slightly less hawkish than expected, he said that the ECB does not "pre-commit" on rates. There seems to be some doubt as to whether there will be any more rate hikes after July...reminds me of the "one and done" situation some years ago with the Fed. Next support is seen at 1.4477 and then the 1.4415 - 1.4390 area.
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