EUR/USD: ECB Interest Rate Decision
The Euro growth was muted against the Greenback on the ECB interest rate decision announcement. Though, the European single currency managed to reach the peak after the Bank’s President Mario Draghi stated that economic figures indicate solid and broad expansion with inflation likely to increase in the mid-term. The European Central Bank opted to keep the key interest rates at the same level with the quantitative easing programme remaining at €30B per month until September 2018, in line with market expectations.
From the US side, as the country’s President Donald Trump announced that he wanted stronger US Dollar, contracting the Treasury Secretary comments, EUR/USD fell back below the 1.2400 a few hours later.
