Banks Borrow Big and the Euro Dips
The European Central Bank offering is a hit, and commodity-linked currencies get a lift - time for your FX Fix.
Banks borrowed 530 billion euros from the European Central Bank, cheering markets. [FT]
The euro weakened after the European Central Bank operation, and the dollar steadied. [marketwatch.com]
With new liquidity available to fund carry trades, the Australian and New Zealand dollars rose after the European Central Bank offering. [Reuters]
U.K. Mortgage approvalsrose more than expected, and the pound lifted. [Nasdaq]
The yuan rose against the dollar after the Chinese central bank shifted the daily reference rate. [WSJ]
MULTI CURRENCIES VS THE DOLLAR
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