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>> LTRO Latest News

JAN 30, 2013 - Business Insider

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Why The Euro Is On Such A Wild Surge Today

We mentioned earlier that the Euro has been on a jaw-dropping tear. That continues today. Yesterday the euro was around 1.34. Today it's at 1.355. Why is it going nuts? We chatted with analyst Lorcan Roche Kelly of Trend Macrolytics to get his take. Well the big picture is that the ECB is the only central bank that's acting relatively "tight" right now. The Fed will be on hold for awhile. Japan is doing new easing. The Bank of England is likely to do more under Mark Carney. You get the picture. The specific story today that's got people excited has to do with the ECB's LTRO operations. ... Read More

Tags: Why The Euro Is On Such A Wild Surge Today,  Ltro Latest News