Minimum Bid Rate (EUR) – 04/12
- Donald Herison
- Hits: 1489
What is it? It checks the interest rate on the main refinancing operations that provide the bulk of liquidity to the banking system.
Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future.
When? December 4th at 7:45am Eastern Time.
Trading Tip: If the number is higher than the forecast, you can expect the EUR to rise.
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