European Central Bank left rates unchanged today. However, the Bank announced new long-term refinancing operations in an attempt to provide the market with additional liquidity. ECB also increased size of monthly bond purchases by €120 billion through the end of 2020. The Bank said it will provide more details later. EURUSD pared daily decline on the release.
EURUSD recovered from today’s drop on ECB announcement. The pair is eyeing a break back above 1.13 handle. Source: xStation5
Fed Shocks Markets: Slower Growth, Inflation Surge, and Rates "Higher for Longer"
BREAKING: USD extends gains to 1% after the FOMC Conference
BREAKING: EURUSD down 0.4% after the FOMC!
Warsh to bring back lower rates?