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>> LTRO Latest News

FEB 01, 2013 - Zero Hedge

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Key Acronyms Of The Overnight Session: PMI, LTRO, USDJPY And EURUSD

After two consecutive down days in the market, it was time to get real, and like clockwork the dollar and yen devastation started right out of the gate in overnight trading, when first the USDJPY exploded higher, followed promptly by the EURUSD, both of which hit new period highs, of over 92, and just why of 1.37 respectively. And with not one funding currency around to push risk higher, but two, futures have ramped enough to undo all of yesterday's losses and then some. Bad news was either promptly ignored, such as China's official PMI coming in at 50.4, below expectations of the 50.6 ... Read More

Tags: Key Acronyms Of The Overnight Session: PMI, LTRO, USDJPY And EURUSD,  Ltro Latest News