Euro Mixed After ECB Announcement
2023年10月26日 - 7:37PM
RTTF2
The euro showed mixed trading against its major counterparts in
the European session on Thursday, after the European Central Bank
left its key interest rates unchanged amid a worsening economic
outlook.
The Governing Council maintained the main refi rate at 4.5
percent and the deposit rate at 4.00 percent. The marginal lending
facility rate is at 4.75 percent.
The ECB said that its past interest rate increases would be
transmitted forcefully into financing conditions, thereby dampening
demand and pushing down inflation.
The central bank reiterated that the key interest rates are at
levels that, maintained for a sufficiently long duration, will make
a substantial contribution to the inflation target.
The Governing Council will continue to follow a data-dependent
approach to determining the appropriate level and duration of
restriction, the ECB stressed.
The ECB added that its future decisions would be based on its
assessment of the inflation outlook in light of the incoming
economic and financial data, the dynamics of underlying inflation
and the strength of monetary policy transmission.
The euro recovered to 1.0559 against the greenback, from an
early 10-day low of 1.0521. The currency may find resistance around
the 1.07 level.
The euro dropped to 0.9455 against the franc and 0.8698 against
the pound, down from an early 2-day high of 0.9494 and a 6-day high
of 0.8734, respectively. The currency is poised to challenge
support around 0.94 against the franc and 0.85 against the
pound.
The euro held steady against the yen, after dropping to a 1-week
low of 157.99 at 2:45 am ET. At yesterday's close, the pair was
valued at 158.68.
Euro vs Yen (FX:EURJPY)
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Euro vs Yen (FX:EURJPY)
FXチャート
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