During last week, gold and silver continued to trade down. The weakness of precious metals coincided with the depreciation of leading currencies against the USD. Following the recent FOMC meeting, in which it was hinted the Fed may taper QE3…
Tag: ECB rate decision
ECB Left Policy Unchanged – Euro Rallies
ECB kept rate unchanged at 1.25%
As expected, the European Central Bank kept its interest rate unchanged at 1.25%. According to Forex Crunch in yesterday’s press conference the ECB’s President Jean-Cluade Trichet used the terms “strong vigilance”; this term might be a tip for the future…