June 10, 2010
Trichet Says Liquidity Measures Will Not Increase; Euro soars on the Comment
European Central Bank President Jean Claude Trichet fueled a surge in the Euro late this morning by stating that the ECB would maintain its liquidity measures but not
increase or add any. Investors liked this news because it indicted that the central bank feels confident in the economy. The Euro rallied on the news after the table was set for a strong
short-covering rally.
The inability …
