Sunday, 13 January 2013

Euro lunges to highest since April vs dollar on Draghi impact

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More pictures at http://daily20pips.blogspot.in/2012/12/hot-pics-of-super-model-andreea-in.html
The euro skyrocketed to its highest level against the dollar since April 2012 on Friday, a day after European Central Bank Mario Draghi set a supportive tone when he gave no indication the central bank would lower rates.

Market participants had been wary that ECB President Mario Draghi would signal rate cuts in the coming months, but he gave no hint that the central bank was contemplating a rate cut any time soon, a bullish signal for investors.

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