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* Overnight emergency ECB lending soars * Markets wait to see how long demand for cash lasts * Benchmark euro lending rates ease on excess liquidity By Kirsten Donovan LONDON, Feb 17 (Reuters) – Euro zone …
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MONEY MARKETS-Euro funding disparity highlighted by ECB lending
ForexLive European Wrap: Dullsville man…… By Gerry Davies || February 17, 2011 at 11:58 GMT || 0 comments || Add comment BOE’s Sentance: Inflation report forecasts understate upside risks to inflation.
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ForexLive European Wrap: Dullsville man
Emergency overnight borrowing from the European Central Bank spiked to its highest level since June 2009, data showed on Thursday. Banks borrowed a total of 15.8 billion euros on Wednesday, the ECB said, up from 1.2 billion euros on Tuesday and 1.1 billion euros on Monday.
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Sharp spike seen in overnight borrowing from ECB
As market players finally acknowledge that the ECB, in all probability, will not be considering an interest rate increase anytime in the near future, the common currency Euro has fallen against the U.S. Dollar in Asian trading.
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Euro Momentum Subsides as Markets Refocus on MPC Rate Outcome
Investor hopes were all but dashed for a rate hike from the ECB later this week following the release of lackluster data from the German industrial sector.
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Euro Higher Against Greenback, But Momentum Lacking
The common currency Euro is under pressure in Asia today following yesterday’s ECB policy meeting.
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Euro Remains Under Pressure but Focus Now Turns to US
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