
UniCredit Group − Floor. The ECB held its key interest rate unchanged at a record−low 1.0% at the June meeting. This underscores that the floor – as already previously at other large central banks – has, therefore, probably been reached. In the current (economic) environment, the short−term interest rate level is considered appropriate.
Purchase. The direct purchase of EUR 60 bn in covered bonds, already announced in the previous month, will get under way in July. The central bank is hoping for automatic sterilization of the additional liquidity via lower use of refi transactions – as has already been observed since February.
Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
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Asian Session: Live Market Analysis
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Start: Wed, Jun 10, 13:00 GMT
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FXCM Holdings LLC Releases Financial Data
FXCM Holdings LLC continues to make a public release of its balance sheet. The numbers reflect the firm's financial strength and status as of April 30, 2009.