OctaFX | OctaFX Forex Broker
Open trading account

ECB's Liikanen: Scale of ABS buys still under discussion

FXStreet (Łódź) - ECB Governing Council member Erkki Liikanen said on Tuesday that the scale of ECB's ABS and cover bond purchases, announced last week, hasn't been decided yet.

He stressed that the new measures should be implemented with caution and that the central bank should be wary of taking risks.

The ECB policymaker assured that the rate cuts carried out last Thursday were necessary, as recent data showed a slowdown of economic recovery in the Eurozone.

EUR/USD testing 1.2900

The single currency is returning to the upper band of the intraday range on Tuesday, pushing EUR/USD back to the boundaries of 1.2900 the figure....
Read more Previous

USD/JPY hovers near 6-year high

USD/JPY is taking a breather after hitting fresh 6-year highs, as the dollar corrects lower following impressive gains.
Read more Next
Start livechat