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EUR Offered, Bund Bid on ECB Lending Survey

  • EUR/USD sinks to new daily lows on the ECB bank lending survey, with markets focusing on the data showing a record drop in company loan demand, characterizing the tightening cycle so far as "substantial".
  • Bund futures rally to touch new daily highs at 133.77 before fading off the high, while the EUR currency falters, hitting new daily pullback lows at 1.1055.
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