Latest HotChart on ECB Purchases vs EURUSD

The ECB's Securities Markets Programme (SMP) has accumulated EUR 183 billion since starting in May 2010. The left chart shows weekly purchases to have reached EUR 9.5 billion as of early November, but these are well below the EUR 22 billion attained in mid-August. With the latest rush in ECB purchases of Italian bonds aiming at keeping 10 year yields below 7%, and possibly Spanish bond guying buying as the Spanish presidential campaign heats up, weekly purchases should be expected to regain their summer highs. SEE THE FULL CHARTS here: http://ashraflaidi.com/t/?hc2876