Market Currents
EU banks will repay €61.1B of the 2nd LTRO next week, far less than the €122.5B...
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Friday, February 22, 7:23 AM ETEU banks will repay €61.1B of the 2nd LTRO next week, far less than the €122.5B expected by analysts. The news suggests banks are a little less confident than the U.S. money market funds that have begun lending to them again. The euro (FXE) dropped about half a cent on the news, now flat at $1.3185.
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