Euro Still Surviving on the Highest Level in 1 Week; Impact of Continued Action 6 Central Bank
fxbom.com
10:35 AM
In today’s trading the euro exchange rate remained in the range of the highest in a week later (01/12). Euro had strengthened significantly today tend to move stuck even though sentiment in general still shows the potential continues to strengthen.
Combined action of six global central bank last night to give an injection of vitamin positive sentiment for the market. The Fed confirmed that the cost of borrowing dollars from the central bank to banks will decline by 50 bps to 50 bps. Dollar swap lines will be extended until February 2013. Fed to coordinate action with the ECB, BoC, SNB, BoJ and the BoE.