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Fears Returned to Market despite Italy’s Auction

By:
FX Empire Editorial Board
Updated: Mar 5, 2019, 13:23 UTC

Pessimism reignited in market amid low volume trading, as the European Central Bank’s balance sheet rose to a record 2.73 trillion euros after it lent

Fears Returned to Market despite Italy’s Auction

Pessimism reignited in market amid low volume trading, as the European Central Bank’s balance sheet rose to a record 2.73 trillion euros after it lent financial institutions last week, despite Italy sold 9 billion euros of 179-day bills at an auction today bond auction

No major data was released by US, Euro Zone or UK today, but that didn’t help the market to keep the calmness, as European and American stocks retreated after the Central Bank’s balance sheet was released.

In Europe DAX dropped nearly 1.5% while CAC 40 declined by 0.5%, on the other hand, the euro slipped trading below 1.3000 levels, to trade around the 1.2939 level compared with the opening level today of 1.3378, while the pound fell nearly 200 points trading around 1.5464 level.

The yen is trading around the 77.95 level. The AUD declined trading around the 1.0078 level. The CHF is rose trading around 0.9436 levels, on the other hand, the USD strengthened trading around the 80.53 level.

As fears returned to market, gold dropped trading around the $1563.83 level from the opening at $1591.70, while oil is trading around the $99.37 per barrel level.

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