After the operation, the ECB's refinancing earlier this week, short-term interest rates fall. This event is essential, since rates have nearly doubled over the past two weeks, partly due to the liquidity and partly because of rising expectations of tighter lending ECB (or the folding of exceptional measures) at the beginning of next year. This may have some downward pressure on the euro, since a further reduction of the curve and interest rates will benefit the common currency, and the Libor spread pair USD / EUR moves to 70 points by Thursday. Today, the focus remains the last day of the meeting of the EU in Brussels. Meanwhile, the peripheral bond spreads widen again, Greek added nearly 20 points this morning, the Irish are also growing. Despite this, the euro keeps well against a confident political framework for the euro until the end of the year, so that the ensuing weeks all will be linked to the Fed in the context of determining the direction of EUR / USD.
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