The Euro came under increased pressure yesterday, dropping by a further 0.3% against the Dollar and 0.2% versus the Pound as the ECB elected to hold interest rates at 3.0% for September despite economic growth accelerating to a six-year high earlier this month. After four rate hikes this year, the Central Bank decided to keep [...]
Exchange Rate Forecasts
September, 2006
The ECB elect to hold interest rates at 3.0% this month but Trichet gives a strong indication that a rise in rates is likely in October
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