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As expected, the European Central Bank kept its refi rate at zero percent and the deposit rate at -0.4 percent. Following the decision, the euro traded mixed against its major counterparts. While the euro dropped against the yen, franc and the pound, it rose against the franc.
The euro was trading at 128.96 against the yen, 1.1036 against the franc, 0.8874 against the pound and 1.1483 against the greenback around 7:47 am ET.
