The European System of Central Banks (ESCB) is intervening through the Bank of Italy to ensure orderly conditions on financial markets, Reuters reported on Wednesday, citing a Bank of Italy source. “ESCB interventions are flexible in timing and the markets they cover, the intervention will continue as long as necessary,” the source told Reuters. “Interventions are aimed at clarifying if markets have any doubt about the decisions taken by the ECB’s Governing Council. EUR/USD reaction The EUR/USD pair edged slightly lower on this headline and was last seen trading at 1.1005, adding 0.08% on the day. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: Corona-bonds could the euro stabilize FX Street 2 years The European System of Central Banks (ESCB) is intervening through the Bank of Italy to ensure orderly conditions on financial markets, Reuters reported on Wednesday, citing a Bank of Italy source. "ESCB interventions are flexible in timing and the markets they cover, the intervention will continue as long as necessary," the source told Reuters. "Interventions are aimed at clarifying if markets have any doubt about the decisions taken by the ECB's Governing Council. EUR/USD reaction The EUR/USD pair edged slightly lower on this headline and was last seen trading at 1.1005, adding 0.08% on the day. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
