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Euro Drops After ECB Decision


As expected, the European Central Bank maintained its refi rate at 0.00 percent and the deposit rate at -0.50 percent. Following the announcement, the euro fell against its major opponents.

The euro was trading at 136.27 against the yen, 1.0192 against the franc, 0.8286 against the pound and 1.0876 against the greenback around 7:47 am ET.

*ECB: Incoming Data Reinforce Expectation That APP Asset Purchases Should Be Concluded In Q3

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*ECB Leaves Refi Rate Unchanged At 0%, Deposit Rate At -0.50%, Marginal Lending Rate At 0.25%

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