At 7.45 am ET Thursday, the European Central Bank releases the outcome of its governing council meeting in Frankfurt. The bank is expected to keep its refi rate at zero percent and the deposit rate at -0.4 percent.

Ahead of the announcement, the euro held steady against its major counterparts.

The euro was worth 1.0900 against the greenback, 121.39 against the yen, 1.0827 against the franc and 0.8452 against the pound at 7:40 am ET.

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