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The global economy transferred better and the interest rate

The forex traders should pay more attention to the decision of interest rate of euro and the exit strategy of stimulus economy. If it was beneficial to euro, the euro was expected to hit new high.
European Central Bank would maintain the interest rate unchanged. However, the European Central Bank president Jean-Claude Trichet was expected to state the preliminary scheme of unconventional measures in the news conference on Thursday. As the economist indicated, the announced macroeconomic expectation report showed that inflation expectation in 2009, 2010 and 2011 would be lower than target level of European Central Bank. However, the mild inflation outlook would promote the European Bank to set up to increase interest rate at the end of 2010.
U.S. Beige Book announced that economic condition was wildly improved and it was comprehensively recovered.
Consequently, the economist minister of German stated that Germany economy was stably increased. The euro was expected to increase interest rate.
More details can be seen at FXDD

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