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Euro Sells Off after Reaching Minor Retracement Zone

February 17, 2011 by admin Leave a Comment

News from the European Central Bank that overnight lending at the 1.75% penalty rate spiked 15.8 billion ($21.4 billion), the highest since June 2009, pressured the Euros overnight. Reports circulating suggest that this spike may be related to renewed problems in the Euro-Zone periphery.

Continued here:
Euro Sells Off after Reaching Minor Retracement Zone

Filed Under: Forex News Tagged With: 21-4-billion, Euro, european, european-central, from-the-european, highest, market insights, penalty-rate, renewed-problems, spike, the-1-75, the-highest

Sharp spike seen in overnight borrowing from ECB

February 17, 2011 by admin Leave a Comment

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.

See the original post here:
Sharp spike seen in overnight borrowing from ECB

Filed Under: Forex News Tagged With: 15-8-billion, billion-euros, data-showed, ecb, european, euros-on-monday, euros-on-tuesday, euros-on-wednesday, from-the-european, level-since, overnight-borrowing, showed-on-thursday, wednesday

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