Euro Ticks Down Ahead Of ECB Rate Decision
May 03 2012 - 7:40AM
RTTF2
The European Central Bank is slated to announce its rate
decision at 7:45 am ET. The Governing Council led by ECB President
Mario Draghi is expected to maintain the main refi rate at a record
low of 1 percent.
The euro edged lower against most of its major rivals ahead of
the announcement. As of 7:40 am ET, the common currency was trading
at 1.3130 against the US dollar, 0.8118 against the pound, 105.48
against the yen and 1.2016 against the Swiss franc.
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