EUR/USD Returns to 1.27 after ECB Stress Tests

The euro held firm in early Monday trade after the European Central Bank’s stress tests found smaller capital shortfalls among European banks than expected.

Twenty-five out of the euro zone’s 130 top lenders failed landmark health checks at the end of last year but most have since repaired their finances, the ECB said on Sunday.

Painting a brighter picture than had been expected, the ECB concluded that banks’ capital holes had chiefly been plugged, leaving only a modest 10 billion euros to be raised.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.