Euro holds ground after TLTRO

Source: WBP Online
© Scanpix/RS
Though at first the single European currency fell to 1.2414 amid the discouraging news on the German and particularly French inflation, it then pared most of the losses in view of the new targeted long-term refinancing operation (TLTRO). Since the banks took from the ECB nearly as much funds as estimated (130 billion euros), EUR/USD continued to trade near today's open at 1.2460.
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