Main Focus on BoE and ECB Rate Decisions
February 5, 2009 by admin · Leave a Comment
Yesterday was a choppy day in FX Market. EUR/USD fell sharply following weak PMI data and poor retail sales. Eastern European names were large sellers as the Rouble approached the bottom of the trading band. Later, the pressure intensified as Fitch downgraded Russia to BBB and kept them on negative watch. Sovereign bids kept the pair from falling through the 1.2800 level.
Early in …
