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Euro is mixed after the European interest rate decision

2019-04-10 01:05 pm | Resource: NEWS | No Views : 191

 Euro is mixed after the European interest rate decision

The euro was mixed against currencies after the ECB kept key interest rates and future guidance unchanged in April

After announcing long-term loans to banks in March, where activity in the euro-zone economy is still slow.

The board of directors, led by ECB President Mario Draghi, left key interest rates unchanged after the Frankfurt policy meeting on Wednesday, as expected. The main interest rate is currently at a record low of zero percent and the deposit rate at -0.40 percent. The marginal facility rate was 0.25 percent.

"The Board expects that the ECB's key interest rates will remain at their current levels at least until the end of 2019, however long as necessary to ensure that the continued convergence of inflation continues to lower levels, but is close to and said 2 percent in the medium term "He said.

The Bank also intends to continue to fully reinvest the principal payments from the outstanding securities purchased under the Asset Purchase Program for a long period of time after raising the next interest rate, as long as necessary to maintain favorable liquidity conditions and a large degree of cash accommodation.

At the March meeting, the ECB decided to provide more cash at cheaper rates to banks through long-term loans to boost lending to the sluggish economy. The bank also lowered growth and inflation expectations in the euro area.

 The policy minutes showed in March that policymakers discussed intensively the impact of negative interest rates on banks.
The ECB ended its massive asset purchase program in December.

The Bank has also revised its future guidance on interest rates to indicate that the first rate hike since the global financial crisis will occur only in 2020.

EUR trades after interest rate fixing
  • The euro remained unchanged against the dollar, trading against the euro against 1.1263 levels.
  • The euro was lower against the pound at 0.23% and the EUR_GBP is trading at 0.86080.
  • The Euro was also set against the Yen with no significant change, as the EUR_JPY traded at 125.16.
  • The Euro was higher against the Swiss Franc with 0.10%, with EUR / CHF trading at 1.1272.
  • The Canadian Dollar was down against the Euro at 0.10% and the Euro is trading at 1.50320.

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Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

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