The European Single Currency depreciated against the US Dollar, following the European Main Refinancing Rate announcement on Thursday at 11:45 GMT. The EUR/USD exchange currency rate lost 3 pips or 0.03% during a minute, right after the release. The market did not react much at the release time, but it pushed the rate to go downwards in the following minutes to continue trading at the 1.1620 level.
The European Central Bank released European Main Refinancing Rate announcement that came out in line with expectations of 0.00%.
The European Central Bank says: "The Governing Council expects the key ECB interest rates to remain at their present levels at least through the summer of 2019, and in any case for as long as necessary to ensure the continued sustained convergence of inflation to levels that are below, but close to, 2% over the medium term."
| Historical Data Table: Main Refinancing Rate | Economic Calendar for 14.09.2018 | ||||||||
| Date | 08.03.2018 | 26.04.2018 | 14.06.2018 | 26.07.2018 | 13.09.2018 | 10:00 AM | UK BOE Gov Carney Speaks | ||
| Actual | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 12:30 PM | US Core Retail Sales m/m | ||
| Forecast | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 12:30 PM | US Retail Sales m/m | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| EUR/USD | 1.16321 | 1.16321 | 0.00% | EUR/USD | 60.28% | 39.72% | |||
| EUR/GBP | 0.89112 | 0.89122 | 0.01% | EUR/GBP | 25.30% | 74.70% | |||
| EUR/CHF | 1.12707 | 1.12717 | 0.01% | EUR/CHF | 73.60% | 26.40% | |||
| EUR/JPY | 129.766 | 129.768 | 0.00% | EUR/JPY | 42.75% | 57.25% | |||