EUR/USD fell after the ECB meeting

EUR/USD fell after the ECB meeting

The European Central Bank announced on Thursday that it would extend its bond purchases at a reduced rate.

The ECB would cut monthly asset purchases euro from 60 billion euros to 30 billion starting from January while also extending the scheme by 9 months to September. The central bank is ready to increase purchases if the outlook becomes less favorable.

In his opening statement, Mario Draghi underlined that domestic price pressures remain muted and ample degree of monetary policy stimulus is still necessary. At the same time, risks remain broadly balanced and economic expansion continues to be solid and broad-based.

Answering the journalists’ questions at the press conference, Draghi said that the ECB decision wasn’t unanimous. The 'large majority' of members preferred to keep bond buys open-ended. At the same time, central banker didn’t appear to rule out a rate hike in 2019.

The announcement was in line with the market’s expectations. EUR/USD from 1.1800 to 1.1740.

eur

Similar

Japan manufacturers' mood tacks on to 11-year maximum

In January, confidence among Japanese manufacturers rallied to an 11-year maximum, as the Reuters Tankan survey unveiled on Monday, showing corporate optimism powered by almost two years of uninterrupted economic expansion as well as a buoyant stock…

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera