June 30, 2010

German Unemployment Falls 21K, ECB Tender Eases Fears

Risk appetite looks to have regained its footing during the overnight trade as the European Central Bank announced that commercial banks asked for only 131.9 billion euros in three month loans ahead of tomorrow’s repayment of 442 billion euros that commercial banks borrowed from the central bank a year ago.

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[Source: DailyFX Forex Market News]

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