The ECB trimmed its benchmark refi rate 50 basis points to 2.00 percent, from 2.50 percent, as expected. EUR/USD rallied for about 10 seconds on the news and is now unchanged in the 1.3160s. 2.00% equals the lowest rate in the ECB’s short history.
The ECB trimmed its benchmark refi rate 50 basis points to 2.00 percent, from 2.50 percent, as expected. EUR/USD rallied for about 10 seconds on the news and is now unchanged in the 1.3160s. 2.00% equals the lowest rate in the ECB’s short history.