The head of Bussinesseurope, a business lobbying group, says his body sees a stagnant 2009. Philippe de Buck says he’s happy that the ECB has the possibility of another rate cut but advises European governments to budget extra cash for for financial fixes, Reuters reports.
EUR/USD remains heavily offered after slipping to fresh session lows at 1.2724 before stabilizing. It now trades at 1.2741.
