EUR/USD: ECB Monetary Policy Meeting Accounts

The European Common Currency traded sideways against the US Dollar, following the ECB Monetary Policy Meeting Accounts data release on Thursday at 12:30 GMT. The EUR/USD exchange currency rate gained 1 pips or 0.01% right after the release. The Euro continued trading at the 1.1084 level against the Greenback.

The European Central Bank released the ECB Monetary Policy Meeting Accounts data , where the European policymakers provide in-depth insights into the economic and financial conditions that influenced their vote on the monetary policy changes.

According to the official release: "The Governing Council intended to continue reinvesting, in full, the principal payments from maturing securities purchased under the asset purchase programme for an extended period of time past the date when it started raising the key ECB interest rates, and in any case for as long as necessary to maintain favourable liquidity conditions and an ample degree of monetary accommodation."