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The European single currency weakened against the Greenback, following the European Main Refinancing Rate data release. The EUR/USD currency pair lost eight pips, or 0.07%, to continue fluctuating in the 1.1715 area.
The European Central Bank released Main Refinancing Rates that came in line with expectation of 0.0%, and stayed unchanged for the last periods.
Mario Draghi, president at ECB (European Central Bank) said: "While uncertainties, notably related to the global trade environment, remain prominent, the information available since our last monetary policy meeting indicates that the euro area economy is proceeding along a solid and broad-based growth path".
| Historical Data Table: EU Main Refinancing Rate | Economic Calendar for 27.07.2018 | ||||||||
| Date | 25.01.2018 | 08.03.2018 | 26.04.2018 | 14.06.2018 | 26.07.2018 | 1:30 AM | Australian PPI q/q | ||
| Actual | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 5:30 AM | EU French Flash GDP q/q | ||
| Forecast | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 6:30 AM | EU German Import Prices m/m | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| EUR/USD | 1.1715 | 1.17125 | -0.02% | EUR/USD | 58.77% | 41.23% | |||
| EUR/GBP | 0.88853 | 0.88855 | 0.00% | EUR/GBP | 26.83% | 73.17% | |||
| EUR/CHF | 1.16265 | 1.16243 | -0.02% | EUR/CHF | 56.37% | 43.63% | |||
| EUR/JPY | 129.836 | 129.821 | -0.01% | EUR/JPY | 43.82% | 56.18% | |||