Trichet he is happy with the “enhanced credit support” the ECB provided last week which pumped EUR 442 bln into the banking sector. The interest rates on future tenders have not been decided. Money markets are functioning normally as banks keep funds on deposit at the ECB that they have just borrowed from the ECB,,,
EUR/USD is holing onto support in the 1.3980/1.4000 region amid the usual rumors of central bank bids on dips.