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Thread: EUR Interest Rate Announcement

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    Default EUR Interest Rate Announcement

    Each month the European Central Bank (ECB) Governing Council meets to set the nation's short term interest rate (i.e., "minimum bid rate"). Shortly after the meeting they release a statement that contains the decided rate. While no commentary is provided, a press conference regarding the economic conditions that effected their decision is held a few hours afterward. A rising trend in interest rates has a positive effect on the nation's currency. Short term rates are the paramount factor in currency valuation; traders look at most other indicators merely to predict how interest rates may change in the future. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency. The decision on where to set interest rates depends mostly on inflation. The primary objective of the central bank is to achieve price stability; when inflation rises above an annualized rate of approximately 2%, they will respond by raising interest rates in an attempt to bring prices down.


    I think they will keep it on

    4.00%

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    and this week we have interest rate for eur too
    Thu. 2 Aug 2007
    Forecast for this month is 4.00% too

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    Quote Originally Posted by Mohsen View Post
    and this week we have interest rate for eur too
    Thu. 2 Aug 2007
    Forecast for this month is 4.00% too
    ohhh thats means we got tomorrow interest rate for eur

    what will do for dollar

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    Quote Originally Posted by sheva View Post
    ohhh thats means we got tomorrow interest rate for eur

    what will do for dollar
    yes

    interrest rate of eur and actual amonut was pablished is 4.00%

    by ************:
    Each month the European Central Bank (ECB) Governing Council meets to set the nation's short term interest rate (i.e., "minimum bid rate"). Shortly after the meeting they release a statement that contains the decided rate. While no commentary is provided, a press conference regarding the economic conditions that effected their decision is held a few hours afterward. At the August meeting, the bank usually issues a more comprehensive statement and does not hold a news conference. This time a press briefing will be held after the meeting. A rising trend in interest rates has a positive effect on the nation's currency. Short term rates are the paramount factor in currency valuation; traders look at most other indicators merely to predict how interest rates may change in the future. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency. The decision on where to set interest rates depends mostly on inflation. The primary objective of the central bank is to achieve price stability; when inflation rises above an annualized rate of approximately 2%, they will respond by raising interest rates in an attempt to bring prices down.

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    ECB President Trichet speaks now

    The ECB's announcement is void of commentary, so traders look to Trichet's press conference for clues on future monetary policy action.

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    weird, the rates hasnt been increased. but the dollar is acting like weakened.
    its hasnt been able to find support under 1.37 at the time of this post.

    and has been oscillating for many hours between 1.3700 and 1.3712.
    eur/usd should go down but...

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