Euro Rate Drops After Portugal And Interest Rate Decision

The Euro has lost a little ground against the Dollar and the Pound from yesterday following portugal leeting us in on the worst kept secret and finally requesting the need for financial assistance from the EU.

Trichet didnt dissapoint markets and announced a 0.25 point interest rate rise for the Eurozone but didnt give strong commitments to a series of rate rises which some were looking for to ensure further gains for the Euro.

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