EUR/USD: ECB Main Refinancing Rate

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 52 pips or 0.47% right after the release. The Euro continued trading at the 1.0970 level against the Greenback.

The European Central Bank released the RCB Main 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 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."