EUR/USD: EU Monetary Policy Statement - Fundamental Analysis - Dukascopy Bank

Thu, 30 Apr 2020 13:11:23 GMT
Source: Dukascopy Bank SA
 

The Euro traded sideways against the US Dollar, following the EU Monetary Policy Statement release on Thursday at 11:45 GMT. The EUR/USD exchange currency rate lost 8 pips or 0.08% after the release. The Euro continued trading at the 1.0875 level against the Greenback after the release.

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

According to the official release: "The Governing Council expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2% within its projection horizon, and such convergence has been consistently reflected in underlying inflation dynamics."


Historical Data: Main Refinancing Rate
Date24.10.1912.12.1923.01.2012.03.2030.04.20
Actual0.00%0.00%0.00%0.00%0.00%
Forecast0.00%0.00%0.00%0.00%0.00%
Initial Reaction on Main Pairs
PairOpenCloseChange
EUR/CHF1.056131.05584-0.03%
EUR/GBP0.869030.86825-0.09%
EUR/JPY115.95200115.85-0.09%
EUR/USD1.088251.08746-0.07%
Apr 30, 2020 Open Positions
PairLongsShorts
EUR/CHF74.1%25.9%
EUR/GBP45.5%54.5%
EUR/JPY72.2%27.8%
EUR/USD26.0%74.0%

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