OctaFX | OctaFX Forex Broker
Open trading account

Rumors of 11 Eurozone banks set to fail ECB's stress tests weigh on euro

FXStreet (Łódź) - The euro dropped by 0.19% on the news published by the Spanish agency Efe, suggesting that 11 Eurozone banks will fail ECB's stress tests.

The names of the banks weren't given but the article pointed to 3 Greek financial institutions, 3 Italian, 2 Austrian and one from Belgium, Portugal and Cyprus.

The ECB reacted by issuing a statement that “any inferences drawn as to the final outcome of the exercise would be highly speculative until the results are final on the 26 October.”

ECB corporate bond purchase speculation shouldn't lower EUR/USD much further - BTMU

Derek Halpenny, European Head of Currency Strategy at the Bank of Tokyo Mitsubishi UFJ comments on yesterday's EUR/USD drop following the news that the ECB is considering corporate bond purchases.
Read more Previous

CAC declines from a technical resistance

The French equity index, Cac, is trading down after the index failed to rise above the crucial technical resistance on the daily charts.
Read more Next
Start livechat