EURO Tanking After Strong US Data, And Trichet Saying The Word "Accommodative"

Photo: EU

Jean-Claude Trichet is giving his post rate decision press conference.He has NOT said the words “strong vigilance” which would have meant an imminent rate hike.

Instead he says that monetary policy will remain accomodative.

He also cited slowing in the Euro area.

Between these dovish comments, and the strong US data this morning (see ADP), the euro is tanking.


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