l'euro , cosa e' successo nei due tagli precedenti
When rates were lowered to 1.25% from 1.50% on Nov 3, EUR/USD fell 150 pips then recovered after Europe closed. The rebound was a headfake, however, as EUR/USD would go on to tumble 1200 pips through the end of the year.
On December 8, when rates were lowered to 1.00%, the euro fell 120 pips after the decision and continued to fall until the first LTRO in mid-January.