FXstreet.com (Buenos Aires) - Not a big surprise, test stress results of the 19 biggest U.S. banks, were in line with previous comments and rumors filtered early this week. No big reactions yet seen, Asian session is expect to bring some volatility and more stocks rise, together with dollar and yen falls, as optimism remains high. Still, market is consolidating at the moment, moving in tight ranges waiting for Tokyo opening.
Gbp retreated sharply after BOE expanded asset-purchase program while Euro hit 1-month high against dollar after ECB announced plans to buy around E 60 billion in debt securities outright, after cutting rates to 1.0% from 1.25%. Euro gave up some gains during the American session with Wall Street failing to hold early advances, yet regain the upside after the release.
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