EU banks will repay €61.1B of the 2nd LTRO next week, far less than the €122.5B...

|By:, SA News Editor

EU 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.