The US Treasury has confirmed overnight talk that US banks are starting to repay some of the TARP bail-out funds. It really was a classic case of buy the rumour sell the fact in Eur/Usd as we drop below 1.4000. Good news though with the Trasury saying that they have received repayments from Banks and other institutions totalling $70 bln so far and has received $4.5 bln in dividend payments.
US Treasury confirms bank TARP repayment of $68bln
Source: www.forexlive.com
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