03 Feb '11, 9am

New Zealand Job News FOREX-Euro steady, below 12-week high ahead of ECB - Yahoo

* Euro steady before ECB meeting, near 12-week high * Hawkish ECB, dovish Bernanke could boost euro further * But some point to risks of more profit-taking in euro * Sterling at 12-week high on UK rate outlook By Jessica Mortimer LONDON, Feb 3 - The euro was steady, hovering not far below a 12-week high on Thursday as the market awaited a European Central Bank meeting and news conference, where hawkish comments could give it a further boost. The euro could gain even more if Federal Reserve Chairman Ben Bernanke, who is due to speak only a few hours after ECB chief Jean-Claude Trichet, reaffirms the bank's policy is still focussed on boosting growth. However, some suspect expectations of hawkish ECB rhetoric may have built up too much, leaving room for disappointment and posing downside risks for the single currency. Market players will be looking for any hints on when euro...

Full article: http://sg.news.yahoo.com/rtrs/20110203/tbs-markets-forex-...

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