ECB More Dovish then expected
ECB President Trichet said today the economic growth in the Euro area is continuing at a modest pace in the short term but that there is no clear signs of a moderating in underlying dynamism. These comments are more dovish then previous ones. I maintain that being long Euribor futures (and short Sterling for that matter) is the correct way to be positioned. To add more bang for you buck sell Eurodollar futures against them.
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