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February 29, 2012 at 02:13 AM EST
ECB Refinancing Set to Generate Volatility Today
Source: ForexYard ECB Refinancing Set to Generate Volatility Today Yesterday saw little significant movement among the main currency pairs, as investors eagerly await the results of the European Central Bank's (ECB) latest round of long-term refinancing, set to be announced today. The EUR/USD remained above 1.3400 for most of yesterday's session, while the USD/JPY was able to hold above the 80.00 level. Today, in addition to the ECB news, traders will also want to pay attention to a testimony from US Fed Chairman Bernanke at 15:00. Any pessimistic comments from Bernanke regarding the pace of US economic growth may negatively impact the USD. Economic News USD – Bernanke Speech May Generate Dollar Volatility Today The US dollar saw . . . → Read More: ECB Refinancing Set to Generate Volatility Today
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