EUR/USD: ECB Monetary Policy Statement

The European Common Currency appreciated against the US Dollar, following the ECB Monetary Policy Statement data release on Thursday at 11:45 GMT. The EUR/USD exchange currency rate gained 22 pips or 0.19% right after the release. The Euro continued trading at the 1.1125 level against the US Dollar.

The European Central Bank released the ECB Refinancing Rate data, which came out in line with the expectations of 0.00%.

According to the official release: "The Governing Council now expects the key ECB interest rates to remain at their present levels at least through the first half of 2020, 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."