Euro in Forex Trading

219464 Resource 119232 120646 120646 1228398185350 1228398185350 Controlled European Central Bank Cuts Rate

Euro continues to drop against dollar in forex trading

The ECB enacted the largest interest rate cut in its history when it slashed rates by <a href="http://money.cnn.com/2008/12/04/news/international/bank_england/index.htm" target="_blank" title="ECB, Bank of England, euro forex trading, European Central Bank, dollar forex trading, forex trading, recession, euro zone">75 basis points today</a>. The <a href="http://www.bloomberg.com/apps/news?pid=20601083&sid=awQ9_leEZaTc&refer=currency" target="_blank" title="ECB, Bank of England, euro forex trading, European Central Bank, dollar forex trading, forex trading, recession, euro zone">euro continues lower against the dollar in forex trading</a> on this news. The European Central Bank cut rates dramatically to 2.5% on the hopes that the lower rate will help stimulate economic activity in the euro zone, eventually getting Europe out of the recession that it's in. The ECB cut comes just hours after the <a href="http://blog.gftuk.com/public/item/219451" target="_blank" title="ECB, Bank of England, euro forex trading, European Central Bank, dollar forex trading, forex trading, recession, euro zone">Bank of England cut its own rate</a> by 100 basis points to 3%. 9 application/xml false Bank of England dollar forex trading ECB euro forex trading euro zone European Central Bank forex trading recession Euro in Forex Trading FX trading and world currencies http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.4) Gecko/2008102920 Firefox/3.0.4 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 119232 blog blogsite/GFTForex/web