ECB covered bond purchases are “enhanced credit support” and not quantitative ease. Okay…
On the Baltics, Trichet says the ECB is following the situation closely and is confident that an appropriate solution will be found. In other words, nothing to say on the matter.
EUR/USD has recovered a cent from session lows after heavy sales from a US bank ran dry, but only after major stops were triggered ihn the 1.4090/95 area.
