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Non-Tech : Bill Wexler's Trading Cabana
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To: ggersh who wrote (5669)6/24/2009 12:38:45 PM
From: RockyBalboa  Read Replies (1) of 6370
 
The ECB placed EUR 449B today (442B with a one year maturity) at 1%. Very mean.

Printing presses run at full steam. They flooded the market with Euros... it appears that now the EUR is giving in a little.

ecb.int

The SNB had to intervene because the sagging currency would have ment that the CHF goes below the EUR 1.50 barrier which they want to avoid at all costs.
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