ECB president Trichet:"The present high probability which is given for an increase of rates in our next meeting does not correspond to the present sentiment of the governing council."
Here are the summary of the ECB press conference following the rate decision:
* Key interest rate left unchanged at 2.5%
* Not a high probability of rate hike in May
* No mentioned of "vigilance" on inflation
* Sounded less hawkish than the market had expected
So, after 66 hours of buying frenzy, the euro finally eases back. A potential short swing trade from here, I reckon.
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