Forex | Forex Blog | Forex and Financial Market Update (14/06/2009 18:23:40)

Forex and Financial Market Update

ECB and Trichet hawkish, sends euro soaring:

For all the hype and speculation about what the ECB could do in regards to their 'non-standard measures', Trichet and the ECB revealed a program that is not even remotely close to what the Fed and BOE are doing. Initially during the first few moments of Trichet's press conference he made the announcement the ECB would buy euro denominated covered bonds but gave no detail other than calling the program, [...]

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