20 September 2001 12:19 Euro hovers below $0.93,little moved on ECB report
0817 GMT - Euro trades in half-cent range below $0.93 , around half-cent below six-month highs set last week.
- Traders say euro continuing to derive support following attacks in U.S. last week, but markets averse to taking risk.
- Euro shows little reaction to ECB monthly report saying attacks in U.S. increased uncertainty about U.S. global outlook, but confident slowdown after attacks will be short-lived.
- ECB also said can be expected euro zone inflation drops below two pct in "not too distant future", fuelling expectations of further euro zone rate cuts.
|
