Trichet Comments Give Euro slight Boost

This morning the European Central Bank left interest ratesunchanged as expected. ECB President helped move the Euro a little higher bystating that recent data has been stronger than expected partly due to temporaryfactors This morning the European Central Bank left interest ratesunchanged as expected. ECB President helped move the Euro a little higher bystating that recent data has been stronger than expected partly due to temporaryfactors, but the ECB still expects the Euro Zone’s economic recovery to bemoderate and uneven.

The Euro had a pretty uneventful night after Wednesday’sstrong surge. The market is currently trading inside yesterday’s range withtraders taking a cautious approach ahead of Friday’s U.S. Non-Farm PayrollsReport.

Should the Euro begin to weaken throughout the day, look forit to straddle a minor retracement zone at 1.2793 to 1.2754.