25 July 2001, 18:08 FNX] EURO: ECB Rate Cut Unlikely; Don't want Currency Rising
July 25 (FNX News) - Given the U.S. Fed stance and another increase in the
German PPI it's probably unlikely that the ECB will cut rates on Thursday.
If the ECB wanted the currency to rise they would cut rates, but in the
final analysis they really don't want the current to rise until their
economy is solidly on the recovery track. HTWR
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