The talk earlier this morning in Asia was that a bank had mis-keyed the amount it was borrowing at the main refinancing operations (MRO) and as it’s a 1-week settlement, we may not know for sure until next week.
Strange that the ECB refuses to comment but with the EUR/USD bouncing back off its earlier 1.3574 lows, it would seem that the market is of the view that we’re dealing with an out-trade rather than a bank in trouble.
