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by ForexNewsNow Team on December 9, 2010

ECB monthly bulletin: Euro zone economic uncertainty growing

NEW YORK (Forex News Now) – The European Central Bank said in its monthly bulletin Thursday that the euro zone faces increasing economic uncertainty, in one of the day’s major realtime forex news events.

In a report that should impact euro currency market trading, the ECB said that its current monetary policy and interest rates are appropriate, in light of the spreading European debt crisis.

The report added recent data confirms that the positive momentum of the euro zone economic recovery is continuing.

On the issue of employment, the bulletin said that modest signs of recovery are being seen in higher hours.

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