Pages

Thursday, November 8, 2012

Euro weakens as eyes turn to ECB meeting

A share trader sits next to a TV showing news on U.S. Republican presidental candidate Romney in front of the German share price index DAX board at the German stock exchange in FrankfurtLONDON (Reuters) - The euro fell to a two-month low on Thursday despite approval of a crucial austerity package by Greece, with investors focused on a European Central Bank policy meeting later in the day. The ECB is widely expected to leave interest rates on hold, but comments by President Mario Draghi on the weak economic outlook and gloomy European Commission forecasts have raised speculation it might just cut its main rate from 0.75 percent. ...



READ THE ORIGINAL POST AT news.yahoo.com