14, March 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

German central bank makes a profit from the ECB bond buying.

Bundesbank always complained at the risks that the central banks of the euro area have taken on their balance sheets by buying bonds and simplified rules collateral for loans. But in the end, some of them made a lot of money on this.

German Finance Minister Schaeuble said that the lower house of parliament can decide on Cyprus next week. The head of the Bundesbank, Weidmann said that inflation remains under control, which is another plus in the treasury of the claim that the ECB may decide to further stimulation.

EUR/USD fell back yesterday from a peak of 1.3074 and reached 1.3026 to the closing of the day.