Weekly QE print shows steady pace of asset purchases - ECB

FXStreet (Mumbai) - The Eurosystem central banks continued buying assets last week in more or less the same pace seen previously, data showed on Monday.

The central banks settled roughly €13.70 billion of public sector assets in the seven days up to May 15. That takes the total sovereign and supranational debt bought so far to €122.40 billion. The purchased amount is roughly the same as the previous week's €13.65 billion spent.

Meanwhile, covered bonds purchases swelled by €2.8 billion to €80.76 billion, while asset-backed securities (ABS) purchases added €300 million to €6.13 billion.

AUD/NZD bounces-off lows, near 1.0770

AUD/NZD was heavily sold-off in the mid-Asian session largely on the Kiwi strength following the latest NZ inflation expectations for Q2 2015 which beat markets estimates, dragging the cross below 1.08 handle.
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EUR/USD: downside bias for 1.1255/65 – AceTrader

The AceTrader Team maintains a negative bias on EUR/USD, anticipating a move lower to test 1.1255/65 but 1.1202 might hold and see a rebound.
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