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>> EUROZONE Latest News

FEB 15, 2013 - Zero Hedge

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Start Your Day With The Usual Disappointing European Economic Data

The quiet overnight session was started by comments from Buba's Weidmann, whose statement, among others, that the ECB will not cut interest rates just to weaken the EUR together with the assertion that the EUR is not seriously overvalued, sent the EURUSD briefly higher in pre-European open trading. Of secondary importance was his "hope" that the ECB will not have to buy bonds (it will once the market gets tired of Draghi open-ended verbal intervention), something he himself admitted when he said the ECB "may be forced to show its hand on OMT." The stronger EUR did not last long, and in a ... Read More

Tags: Start Your Day With The Usual Disappointing European Economic Data,  Eurozone Latest News