The EURNOK is at the moment relatively stationary in the 7.7548 to 7.7726 range, giving a spread of 178 pips, or a 0.23% move from lower to upper bounds.
A nice trading object, even after accounting for the 30 pip bid/ask spread. It will be interesting to see if that continues after the European Central Bank's Trichet announces its interest rate decision at 1245 UTC and the following press conference at 1330 UTC. The rates themselves are expected to stay at 4 percent, but the rhetoric in the press conference can have some impact on the development of the euro.
