Currency Alerts
11/5/2009 7:43 AM ET
(RTTNews) -
The Frankfurt-based European Central Bank is set to announce its interest rate decision at 7.45 am ET. The ECB is widely expected to hold its key rate unchanged for the sixth straight month at 1%. The ECB is also set to continue its extraordinary measures for the time being, though calls for setting exit measures have strengthened.
The European currency showed mixed trading against its major rivals ahead of the rate announcement. While the euro declined against the pound due to across the board rallying of the latter, it edged higher against the rest of majors as risk appetite improved following the BoE decided to raise its asset purchase scheme by GBP 25 billion to GBP 200 billion. As of now, the euro is quoted at 1.5115 against the Swiss franc, 0.895 versus the pound, 134.55 against the yen and 1.488 versus the US dollar.
by RTT Staff Writer
For comments and feedback: contact editorial@rttnews.com
|