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11 Dec 2014
EUR/USD bounces off lows after TLTRO
FXStreet (Córdoba) - EUR/USD made marginal new lows for the day and then inched higher following the results of the second TLTRO results launched by the European Central Bank.
The ECB informed it provided EUR 129.84 billion in 4-year loans to banks in the second installment of so-called TLTRO (targeted long-term refinancing operations), a program aimed at providing cash to the private sector and raising the ECB's balance sheet. The take-up was below the EUR 148.2 billion expected but better than the September’s EUR 82.6 billion.
EUR/USD wavered after the results and hit a fresh daily low of 1.2413 before bouncing toward 1.2444, but moves were subdued. At time of writing, EUR/USD is trading at 1.2430, still 0.14% below its opening price.
The ECB informed it provided EUR 129.84 billion in 4-year loans to banks in the second installment of so-called TLTRO (targeted long-term refinancing operations), a program aimed at providing cash to the private sector and raising the ECB's balance sheet. The take-up was below the EUR 148.2 billion expected but better than the September’s EUR 82.6 billion.
EUR/USD wavered after the results and hit a fresh daily low of 1.2413 before bouncing toward 1.2444, but moves were subdued. At time of writing, EUR/USD is trading at 1.2430, still 0.14% below its opening price.