Euro Trades Higher On rumours Of European Bazooka Coming Over The Weekend

Alright, it looks like ECB chief Jean-Claude Trichet might be waking up a little.

Or at least that’s the rumour.

Specifically, the talk is of a new loan facility offering uber-cheap loans to 1100 banks.

The FT’s Sam Jones has heard the same. So Has Zero Hedge.

So we know this is a real rumour going around.

Whether it’s based on anything real is anyone’s guess.

Anyway, the Dow is still off over 100, but the euro has come back to over $1.27.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

europe moneygame-us