News Headline Summary

Market talk that the ECB president Draghi, ECB's Coeure, Asmussen and Weidmann prevented a rate cut on Thursday - Unconfirmed

‘Market talk’ – Signifies information that has not been formally tested through traditional journalistic channels and therefore is to be treated as unsubstantiated. Any interpretation of the talk is taken at the readers own risk and is a representation of the rumours within the market place and never generated by ourselves.

Reaction details (15:48)

In reaction to this news:
- EUR/USD moved higher by 22 pips from 1.2917 to 1.2939 over 2 minutes.
- Bund futures moved lower from 145.74 to 145.65 over four minutes.

Analysis details (15:46)

- Early it was reported by sources that the majority of ECB members favoured a rate cut at the meeting yesterday, and a cut is possible in 2013.

07 Dec 2012 - 15:44 - Forex Bank Speaker - Source: RANsquawk

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: