ECB Message On Two-Tier Capital Charges Helps Drive Currency Trends

After a Reuters report surfaced that the European Central Bank is considering a two-tiered bank charges and hinted, yet again, at broader bond buying in the region, the euro / U.S. dollar currency pair slid further as certain volatilities across several currency pairs looked expensive, according to a research report from Barclays.

ECB sending message to banks: put deposit money to work in economy sends currency moving

Don’t park money in the European Central Bank, make it work in the economy. This is part of a message the ECB is sending constituent banks in the region, and this morning markets are reacting to the news. The most pronounced reaction...