Euro Bounced with Interest Rate Cut

ECB Interest Rate Bounced the Euro
As widely expected, the ECB cut its benchmark lending rate by 25-basis points to 1.0%. However, the interest rate cut announcement was made by ECB President Trichet’s post-decision press conference. This prompted the euro to bounce off its session lows against the dollar and climbed to a one-month high [...]

Interest Rate Cuts

The Interest Rate Cuts will be used as a weapon in combating the recession and inflation. The Fed in US, the BOE and the ECB will reduce their Interest Rates in facing the Global Financial Crisis.
The Fed lowered its target Interest Rate to between zero and 0.25 % last month and pledged to [...]