Euro bulls look to US following ECB rate cut
MARKET NEWS
The ECB's rate cut last Thursday may be too late to save the eurozone economies. Upcoming US data will be key, says Matthew Clements (right), economist at broker Prebon Yamane
The steady appreciation of the euro on a trade-weighted basis faltered last week, although it was given a late boost by the European Central Bank's (ECB's) decision to cut interest rates on Thursday. While euribor futures contracts just about price in a further 25 basis points cut by year-end, rising unemployment and
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