Tag Archives: ECB

FI Eye-Opener: Looking beyond zero

German yields edged only slightly higher, but US yields climbed some more on the back of some encouraging data releases

The USD continued to weaken, albeit only modestly. The EUR ground higher to 1.271,

The relief coming after the ECB stress tests proved very short-lived, as a weak German Ifo reminded that the remaining problems were large.

The USD has softened. EURUSD has risen to 1.2706 following the announcement of the ECB’s bank stress tests yesterday.

Focus will be on the ECB’s asset quality review and stress test, which were releasedyesterday.

Core bond yields ended marginally lower on Friday. Leaked ECB bank stress test results put modest upward pressure on yields in the afternoon,

With the European bank stress test results out, the banks, if anything, have one minor reason less not to increase lending.

Beyond doubt this was a more credible stress test than similar exercises done before and

Further gradual rise favoured in USD/CAD However, the change in BoC’s communication suggests that

The USD and JPY strengthened initially but have since lost ground.

Bond yields jumped and curves steepened on the back of an upward surprise in Euro-area PMIs and rallying US equities,

The USD regained ground in Asia trading. AUD shrugged off better China PMI, extending losses to 0.876.