Fundamental Updates \Nick Nasad \ 2:44 PM EST \ March 4th, 2010
The ECB, while extending some stimulus measures in its interest rate meeting, also took some small steps to tighten monetary policy. The Euro was pressured as a positive report on weekly jobless claims contrasted with the fiscal problems in the Euro-zone. Also we had a downgrade of Deutsche Bank, a negative for the Euro. The BOE did not expand its quantitative easing policy, and the Pound gave up overnight gains in NY trading on general greenback strength.
Daily Video Recap: Greenback Strengthens; ECB and BOE Lack Surprises
Fundamental Updates \ Nick Nasad \ 2:44 PM EST \ March 4th, 2010The ECB, while extending some stimulus measures in its interest rate meeting, also took some small steps to tighten monetary policy. The Euro was pressured as a positive report on weekly jobless claims contrasted with the fiscal problems in the Euro-zone. Also we had a downgrade of Deutsche Bank, a negative for the Euro. The BOE did not expand its quantitative easing policy, and the Pound gave up overnight gains in NY trading on general greenback strength.
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