Stock markets have been a one-way bet for many years thanks to the 'Fed put' – but those days are over
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FxWirePro: ECB leaves key rates unchanged, focus on Lagarde's remarks at presser
The European Central Bank (ECB) held interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as was widely expected.
The shared currency was largely unfazed post ECB policy meeting. Markets now focus on ECB President Christine Lagarde's remarks at the post-meeting press conference for cues about a potential withdrawal of monetary accommodation.
Market Reaction: (1235 GMT)
EUR/USD: 0.07% lower at 1.1594
EUR/GBP: 0.05% lower at 0.8434
EUR/JPY: 0.24% lower at 131.72
EUR/CHF: 0.08% higher at 1.0648