EUR/USD: Past Reaction to Strong Vigilance Words
Posted on June 08, 2011 at 13:56 PM EDT
The big focus tomorrow is on ECB President Trichet’s press conference. The European Central Bank is not expected to raise interest rates, but Trichet IS expected to pave the for a rate hike in July. Over the past few years, the words “Strong Vigilance” have been synonymous with “interest rates will be increased next [...]