ECB won't cut rate just to weaken Euro, says ECB's Weidmann (Barcelona) - ECB's board member Mr. Weidmann is crossing the wires saying, among other things, that the ECB will stay away from cutting rates just to weaken the Euro, refuting speculation that the ECB may manipulate Euro rate to its own interest, so that Europe can gain more competitiveness on its exports. EUR/USD is at its session high at 1.3390.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.