Currency pair in forex, is refer to a pair of currencies that put together, comparing in value, and make a foreign exchange rate. Currency pairs show as two abbreviation of currency names with a slash between. For example EUR/USD (Euro/U.S. Dollar).

Author Topic: Euro appreciates against dollar, yen after ECB stabilizes monetary policy  (Read 53 times)


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The euro strengthened against the dollar and the yen. After the European Central Bank (ECB) resolved to maintain policy interest rates and bond purchase limits at today's meeting.

As of 7:20 p.m. ET, the euro rose 0.39% to $ 1.1850 and jumped 0.32% to 125.70 yen.

The ECB held a monetary policy meeting today. The meeting passed a resolution to maintain the policy interest rate. Or the 0% refinancing interest rate, a record low. And maintains the interest rate of bank deposits with the ECB at -0.50% while maintaining the loan rate at 0.25%.

The ECB states that it will continue to freeze interest rates at current levels. Or below that level Until inflation rises to the ECB's target, which states "close but not more than 2%".

In addition, the ECB has a resolution to maintain the bond purchase limit under the Pandemic Emergency Purchase Program (PEPP) at 1.35 trillion euros, which will buy the bonds under the program until June 2021. Or until the ECB considers the crisis of the COVID-19 epidemic Has passed


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