The euro is undeterred by the ECB forecasts

images1ECB President, Mr. Trichet spoke and this time was to raise growth forecasts for the eurozone. However, the Community currency could not retrieve the dimension of $ 1.43, or wearing green at its intersection with the pound sterling. The reason is that investors know that the euro is a risky bets because, at present, is one of the currencies with higher yields, the benchmark interest rates in the Eurozone are at 1% for 4 months - as measured their movements and try to take positions in this exchange with some reluctance. Operators prefer to consolidate levels, causing lateral movement has been happening for several weeks. In turn, they believe that with inflation steady at 2%

level as found in the present, the risks that exist now focus on inflation too low for too long. For this reason, it is expected that the rates are maintained in current levels for a while.

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