ECB holds rates at 1 %

by Joe Oliver, Forex Trading-Pips

The ECB held interest rates as expected at 1 per cent on Wednesday with the single currency reaching a high of 1.2585, it’s strongest level in week. European Union officials have been meeting recently to discuss ways of providing aid to Spain after yields on Spanish debt have risen. Recent CFTC data shows speculative short interest in euro currency at record highs.

Euro currency 60 minute bars

Euro currency 60 minute bars