– Asian FX fell, equities mixed
– EURUSD trades softer ahead of LTRO repayment
What to watch for today
EUR: LTRO repayment in focus. The spotlight today will be on the ECB’s announcement of the LTRO repayments. Banks that accessed the 3-year LTRO facility a year ago were given an early repayment option, and the first weekly repayment date is set for 30 January. At 12:00 CET the ECB will announce the amount to be repaid and the number of counterparties repaying the following week. Starting today, repayment announcements will take place every week on the last business day of the week.
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