FX Week

Crunch time for dollar slide

After a week that saw European politicians entering the fray, with unprecedented calls from the German Chancellor, Gerhard Schroeder and French Prime Minister Jean-Pierre Raffarin, for a eurozone rate cut, the stage is set for decisive market action.

Key among the data releases will be the European Central Bank’s rate decision on Thursday (March 4). Most analysts are united in the expectation that there will not be a cut this week. "No self-respecting central bank will cut rates when politic