EUR/USD (EURUSD=X)
| Previous Close | 1.1602 |
| Open | 1.1602 |
| Bid | 1.1594 |
| Day's Range | 1.1589 - 1.1618 |
| 52 Week Range | 1.1530 - 1.2350 |
| Ask | 1.1587 |
- Reuters
Euro zone corporate lending growth picks up after steady decline
Lending to euro zone companies accelerated for the first time since February last month, coming off a five-and-a-half year low as the monthly flow of new loans doubled compared to a month earlier, European Central Bank data showed on Wednesday. Still, corporate lending growth stood at around half of pre-pandemic level and a survey by the ECB indicates even tighter credit standards in the fourth quarter, even as demand for credit is expected to increase. Lending to households meanwhile eased a touch to 4.1% last month from a 13-year high of 4.2% a month earlier.
- Investing.com
Dollar Edges Lower; Sterling in Focus ahead of U.K. Budget
The dollar edged lower in early European trade Wednesday in calm trading ahead of next week’s Federal Reserve meeting, while the U.K. budget places sterling in focus. USD/JPY traded 0.1% lower at 114.03, EUR/USD edged 0.1% higher at 1.1603, while GBP/USD slipped marginally to 1.3763 ahead of Britain’s annual budget. The Federal Reserve has now gone into a blackout period ahead of next week’s policy-setting meeting, and ahead of this traders are focusing on the release of a series of important data releases.
- FX Empire
The Bank of Canada Puts the Loonie in the Spotlight
It’s a relatively busy day ahead. While economic data from the Eurozone and the U.S will draw interest, the Bank of Canada’s monetary policy decision will be the main event…
