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12 Dec 2014
EUR/USD hits fresh highs above 1.2450
FXStreet (Córdoba) - EUR/USD printed a fresh daily high at 1.2464, and remains above 1.2440, recovering yesterday’s losses as it gains 0.45%.
EUR/USD supported by LTRO repayment
The European Central Bank announced that next week banks will repaid almost €40.000 million of the Long Term Refinancing Operation. “The repayment is an encouraging sign of banking health but the balance sheet reduction should only add to the pressure for the ECB to introduce QE/additional measures in January, which in theory is euro-bearish”, said Mike Paterson, from Forexlive.com.
The pair remains near weekly highs that lie slightly below 1.2500; consolidating weekly gains as it trades 160 pips above the level it closed last Friday.
EUR/USD supported by LTRO repayment
The European Central Bank announced that next week banks will repaid almost €40.000 million of the Long Term Refinancing Operation. “The repayment is an encouraging sign of banking health but the balance sheet reduction should only add to the pressure for the ECB to introduce QE/additional measures in January, which in theory is euro-bearish”, said Mike Paterson, from Forexlive.com.
The pair remains near weekly highs that lie slightly below 1.2500; consolidating weekly gains as it trades 160 pips above the level it closed last Friday.