after the decision of 50bps cut,E/U still stable in range,I was thing that it will drop sharply,but I was wrong.What's going on???
Somebody said that after MR.Trichet said that they would hold rate at 2% in Feb and then they will decide whether they will cut 25bps or not in Mar,so that support EUR to stronger than other currencies.But I thing this is not enought strength to support EUR because their economy are in terrible recession.But,Why after rate cut,EUR still strong???
Somebody said that after MR.Trichet said that they would hold rate at 2% in Feb and then they will decide whether they will cut 25bps or not in Mar,so that support EUR to stronger than other currencies.But I thing this is not enought strength to support EUR because their economy are in terrible recession.But,Why after rate cut,EUR still strong???