More on the euro: A leak out of the ECB says a majority of the governing council support a rate...

|By:, SA News Editor

More on the euro: A leak out of the ECB says a majority of the governing council support a rate cut, suggesting to be prepared for one in early January. A cut in the overnight lending rate would bring it to 0.5%, but a cut in the deposit rate would bring that into negative territory. It's a new world. The euro briefly falls below $1.29 before quickly reclaiming the level.