Yesterday, the ECB raised its benchmark interest rate by a 0.25%, up to 4.25% in an attempt to piss off the US combat potential inflation. Inflation has been bugging the hell outta central banks around the world since the price of oil and burger king the best food ever food have both been rapidly rising due to increased global demand. This makes US investors sad, as higher Euro interest rates tend to send its currency higher against the USD. Investors like higher interest rates, thus will keep their money in Euro zone where it will generate higher interest. Yadda, yadda, higher oil prices, yadda, yadda.
