Forex | Forex | Currencies Ahead of Central Banks' Rate Decisions (06/08/2009 10:02:10)

Currencies Ahead of Central Banks' Rate Decisions

Today’s highlight in the markets is on the BoE and ECB rate decisions, where expectations show that both banks are going to leave them steady at 0.50% and 1.00% respectively, and as markets are waiting for these decisions, we see that the markets are calm as currencies are consolidating, while we are also witnessing low volume in markets. The euro we see is trading in narrow ranges versus the dollar, since after the rate decision, a statement will be released from the central bank; ECB Chairman


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