LONDON Feb 6 German Bund and euro zone interest
rate futures extended falls while the euro briefly pared losses
on Thursday after the European Central Bank kept interest rates
The euro trimmed earlier losses to hit $1.3530
immediately after the ECB announcement from $1.3511 beforehand.
However, it quickly slipped back and last traded at $1.3495 with
hedge funds selling on expectations of dovish comments from ECB
President Mario Draghi in his post-meeting news conference.
Bund futures fell 39 ticks on the day to 143.68,
from 143.92 just before the decision while Euribor futures
headed lower across the 2014-2016 strip, pushing
implied rates up.