7:45am (NY Time) EU ECB Rate Decision  Forecast 1.00%  Previous 1.00%
ACTION: EUR/USD       N/A

ECB (European Central Bank) is likely to once again leave its minimum bid rate at 1.00% or unchanged this month.  The majority of analysts agree to this sentiment as  according to ECB, it is will keep rates unchaged until 2011 or at the very least, towards the end of 2010 before tightening of their monetary policy.  As a matter of fact, according to Credit Suisse Overnight Swap Index, there is zero percent of change for ECB to hike rates during this meeting.

7:45am (NY Time) EU ECB Rate Decision  Forecast 1.00%  Previous 1.00%
ACTION: EUR/USD       N/A

ECB (European Central Bank) is likely to once again leave its minimum bid rate at 1.00% or unchanged this month.  The majority of analysts agree to this sentiment as  according to ECB, it is will keep rates unchaged until 2011 or at the very least, towards the end of 2010 before tightening of their monetary policy.

7:45am (NY Time) EU ECB Rate Decision  Forecast 1.00%  Previous 1.00%
ACTION: EUR/USD       N/A

ECB (European Central Bank) is likely to once again leave its minimum bid rate at 1.00% or unchanged this month.  The majority of analysts agree to this sentiment as  according to ECB, it is will keep rates unchaged until 2011. 

Euro Zone is still plagued with the imbalanced economic recovery of its member countries, especially Greece, Spain, Portugal, and Italy… As a matter of fact, even with the Austerity Measures issued by Greece yesterday, the risk of a sovereign default is still possible.