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2018.09.1308:32:00UTC+00Euro Mixed After ECB Decision

The euro came in mixed against its major counterparts in the European session on Thursday, after the European Central Bank kept its interest rates unchanged and maintained the forward guidance on monetary stimulus for the second consecutive session.

The main refi rate is currently at a record low zero percent and the deposit rate at -0.40 percent. The marginal lending facility rate is 0.25 percent.

"The Governing Council expects the key ECB interest rates to remain at their present levels at least through the summer of 2019, and in any case for as long as necessary to ensure the continued sustained convergence of inflation to levels that are below, but close to, 2 percent over the medium term," the ECB said in a statement.

The bank reiterated its guidance for its asset purchases.

ECB President Mario Draghi is set to hold the press conference at 8.30 am ET in Frankfurt.

Final data from Destatis showed that Germany's consumer price inflation held steady, as initially estimated in August.

Consumer price inflation remained stable at 2 percent in August, in line with the estimate published on August 30. The rate reached the 2 percent mark for the fourth consecutive month.

The euro rose against its major counterparts in the Asian session, barring the franc.

The euro held steady against the franc, after having fallen to a 3-day low of 1.1262 at 2:15 am ET. At yesterday's close, the pair was worth 1.1282.

The euro bounced off to 1.1634 against the greenback, from a low of 1.1609 hit at 5:15 am ET. The euro is seen finding resistance around the 1.19 mark.

The single currency appreciated to a 2-day high of 129.82 against the yen, compared to 129.34 hit late New York Wednesday.

Data from the Bank of Japan showed that Japan producer prices were flat on month in August.

That was beneath expectations for an increase of 0.1 percent following the downwardly revised 0.4 percent gain in July.

The euro edged down to 0.8892 against the pound, reversing from a high of 0.8924 hit at 2:30 am ET. If the euro falls further, 0.87 is likely seen as its next support level.

Data from the Royal Institute of Chartered Surveyors showed that U.K. house price balance dropped in August largely due to the weakness in London.

The national house price balance slid to 2 percent in August from 4 percent in July.

Looking ahead, Canada new housing price index for July, U.S. CPI for August, weekly jobless claims for the week ended September 8 and monthly budget are scheduled for release in the New York session.

At 10:00 am ET, Federal Reserve Governor Randal Quarles will testify on the implementation of the economic growth, regulatory relief, and the Consumer Protection Act before the Senate Banking Committee in Washington DC.



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