Euro Loses Ground Despite Hawkish Comments, Swiss Franc Struggles To Recover (Daily FX)
The euro held up throughout the European trading session amidst hawkish commentary by European Central Bank Governing Council member Ewald Nowotny. Mr. Nowotny said that Wednesday?s rate cut to 3.75 percent will “ensure that inflation expectations remain anchored” and that it should “not be seen as a first step in a possible series.”
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Euro Loses Ground Despite Hawkish Comments, Swiss Franc Struggles To Recover (Daily FX)
