The European Union is planning to activate its bailout fund with an aim to allow the ECB to buy sovereign bonds through its Outright Monetary Transactions program, Bloomberg reported on Wednesday, citing three sources familiar with talks. Officials are also reportedly considering a plan that would pave the way for the European Stability Mechanism to create multiple credit lines for the euro area governments. EUR/USD reaction The EUR/USD pair continues to edge lower after this headline and was last seen trading at 1.0890, erasing 0.95% on a daily basis. 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 US Dollar Index climbs to 3-year peaks around 100.80 FX Street 2 years The European Union is planning to activate its bailout fund with an aim to allow the ECB to buy sovereign bonds through its Outright Monetary Transactions program, Bloomberg reported on Wednesday, citing three sources familiar with talks. Officials are also reportedly considering a plan that would pave the way for the European Stability Mechanism to create multiple credit lines for the euro area governments. EUR/USD reaction The EUR/USD pair continues to edge lower after this headline and was last seen trading at 1.0890, erasing 0.95% on a daily basis. 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.
