ECB: New series of measures announced - ING

What will be affected? Can tell me, anyone?

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Nothing is major. May be a little changes will you got on EUR/USD in next week.

Have you looked at the chart since your post? Tomorrow should be interesting I think.

The euro on Thursday fell to its lowest level versus the dollar in four months after the European Central Bank said its ultralow interest rates until after the end of the year — an extension from before — and said a new long-term refinancing program for eurozone banks was coming

After effects:

An extension of the TLTRO loan program could prove a positive for the euro, as it would theoretically stimulate lending in the eurozone and spur further growth,

Current effects:

The “ECB delivered fireworks: a new series of TLTROs, basically acknowledging the slow growth in the eurozone,” said Naeem Aslam, chief market analyst at ThinkMarkets. “This announcement made traders go wild and this pushed the euro-dollar price lower.”

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