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Tuesday, February 06, 2007
FOREX: ECB Reserves Decline EUR100 mln in Feb 2nd Week
ECB reserves have declined by EUR100 mln in the week ending Feb 2ndwith reserves now at EUR145.3 bln. Reserves have declined a total of EUR3.5 bln over the last four weeks. Gold reserves were down EUR39 mln in the last week dueto sales by one Eurosystem central bank. Gold reserves have declined now for 115out of the last 121 weeks. EUR/USD is currently at 1.2946.
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