The Euro (EUR) the Euro dropped 2 cents after the ECB held at 1.0% and Trichet failed to deliver the hawkish comments priced in by traders. Trichet reiterated & lsquo risks the medium term outlook are still broadly balanced& rsquo and did not focus on inflations concerns some hoped he would. EUR/USD traded with a low of 1.3609 and a high of 1.3827 before closing at 1.3630. Looking ahead, ECB President Trichet Speaks.
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