ECB may discuss loosening collateral rules, junk bonds as collateral

The European Central Bank plans to hold call tomorrow evening and may discuss loosening collateral rules, junk bonds as collateral.

EUR/USD has not batted an eyelid on this. In any normal market conditions, you can imagine how far the euro would have fallen - however, this is a paradigm shift that is currently being accepted as the new norm. 

More to come...