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. []

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]



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