ECB: Bought net €15.35 billion of assets last week vs. €28.46 billion previously

Eren Sengezer FXStreet

The European Central Bank (ECB) announced on Monday that it bought a net 15.351 billion euros of assets last week as part of its quantitative easing programme, compared to 28.461 billion euros a week earlier, as reported by Reuters.

Additional details

"ECB sold a net 68 million euros of corporate bonds in the week to May 28 vs 1.506 billion euros a week earlier."

"ECB sold a net 3.395 billion euros of assets in Public Sector Purchase Programme (QE) in the week to May 28 vs 5.892 billion euros a week earlier."

"ECB bought a net 20.035 billion euros of Pandemic Emergency Purchase Programme (PEPP) bonds in the week to May 28 vs 21.671 billion euros a week earlier."

"ECB bought a net 61 million euros of assets in Asset-backed Securities Purchase Programme in the week to May 28 vs sales of 276 million euros a week earlier."

"ECB sold a net 1.282 billion euros of assets in Covered Bond Purchase Programme 3 in the week to May 28 vs sales of 332 million euros a week earlier."

Market reaction

The EUR/USD pair showed no immediate reaction to these figures and was last seen gaining 0.1% on a daily basis at 1.2202.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

AUD/USD flirts with 0.7000, lowest since early August amid bullish USD

AUD/USD hits a fresh low since early August during the Asian session on Friday and looks vulnerable near 0.7000 after breaking below the 200-day SMA overnight. Against the backdrop of the hawkish Fed, a two-day rally in oil prices revives inflation fears and continues to push US bond yields to multi-year highs. Adding to this, geopolitical risks lift the US Dollar to a two-month high, overshadowing RBA rate hike bets and weighing on the pair.

USD/JPY pulls back from three-week high after failing near 159.00

USD/JPY edges lower during the Asian session on Friday, stalling its recent strong move to a three-week high of 159.00 as Japanese Yen bears turn cautious amid intervention fears. Meanwhile, the US Dollar retains a strong bullish undertone as the Fed's hawkish outlook and oil-driven inflation fears continue to push US bond yields to multi-year peaks. Furthermore, the BoJ's dovish rate hike last week might cap JPY and support spot prices.

Gold treads water below $4,300

Gold grabs some buying attention and advances marginally at the end of the week, partially retracing the weekly decline, although it is still navigating below the key $4,300 mark per troy ounce. The fresh selling bias on the Greenback and the modest decline in US Treasury yields appear to support the humble advance in the precious metal.

Crypto Today: Bitcoin and Ethereum edge lower, XRP extends recovery as macro headwinds weigh

The broader cryptocurrency market is consolidating on Friday, with Bitcoin paring losses slightly above $84,000. Ethereum declines in tandem with BTC. Ripple (XRP), meanwhile, paints a different picture.

Fed vs BoJ: Both hiked. The market only believes one of them – and the chart shows which

The Federal Reserve (Fed) and the Bank of Japan (BoJ) have just done something remarkably similar. Both central banks raised interest rates by 25 basis points (bps) last week, both are confronting inflation risks, and both signal that future decisions will depend on incoming economic data.

Fed vs BoJ: Both hiked. The market only believes one of them – and the chart shows which

The Fed and the BoJ have just done something remarkably similar. Both central banks raised interest rates by 25 bps last week, both are confronting inflation risks, and both signal that future decisions will depend on incoming economic data.