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- European session:
European session:
Data:
12:00 UK BoE meeting announcement 0.50%
12:45 EU(17) ECB meeting announcement 1.00%
The euro fell as the European Central Bank lowered its benchmark interest rate in a bid to avoid a recession.
The euro weakened versus major peers as policy makers cut the refinancing rate by a quarter percentage point to 1 percent.
The ECB may loosen collateral criteria to give banks greater access to cash, three euro-area officials with knowledge of the deliberations said yesterday. The Bank of England kept its key rate at a record low 0.5 percent today.
The euro weakened earlier on concern nations such as Germany and France will lose their AAA credit ratings if European leaders fail to agree a plan to curb the debt crisis at a two-day meeting in Brussels starting today.
EUR/USD: after ECB decision the euro grown in area $1,3420, but fell later.
GBP/USD: most part of european session the pair was in $1.5690-$ 1,5740 area.
USD/JPY: the pair has decreased in Y77.30 area.
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