Latest weekly purchase data now released by the ECB 14 Aug
- public sector purchases net €9.703bln vs €11.998bln prev week.
- net corp bond purchases 1.107bln vs 1.538bln prev
- covered bond purchases €562mln vs 540mln prev
- asset-backed securities purchased 90mln vs 58mln prev
Overall reduction notable. ECB choice or lack of availability ?
Either way EURUSD not interested and has now chewed through the 1.1790 bids/support to post 1.1775 in a hurry. Perhaps the option defender at 1.1750 had no further requirement or the other side need to ship some out as expiry ticked by. Either way I don't think it's coincidence.
EURGBP steady around 0.9085 still but EURJPY lower at 129.06 as offers/sellers in core pairs prevail.
DXY posting session highs of 93.485
ECB QE W-E 11 Aug
