European Session – Euro jumps above $1.32 after ECB lowers rate to 0.50 percent
Posted on May 2, 2013 at 12:49 pm GMTCurrency markets were relatively quiet leading in to the much anticipated European Central policy meeting later in the European session. Most major currency pairs were consolidating in early Thursday trading, digesting the news overnight from the Federal Reserve, which announced it maintained its current stimulus through bon buying, known as quantitative easing. This kept the dollar subdued. EURUSD was mostly range bound in the early Europe trade between $1.3146 and $1.3179. There was major volatility immediately after the ECB rate [..]