The European Central Bank’s (ECB) Board has decided to keep interest rates on its main refinancing activities and marginal lending and deposit facilities at 0.00%, as expected, 0.25% and -0.50% respectively.
More importantly, the ECB announced that it has expanded its Pandemic Emergency Purchasing Program (PEPP) by 600 billion euros to 1,350 billion euros.
Now the momentum for buying EUR again.
The EURCHF buy position has been reduced but continue.
Today’s Options Information EUR/USD 1.0400: €963 million 1.0600: €1.2 billion 1.0625: €956 million 1.0635: €637 million USD/JPY 148.00: $600 million 149.50: $447 million 149.85: $582
Key Currencies and Technical Analysis (4-Hour Chart) – December 9, 2024 EUR/USD – Strong Sell EUR/USD continues a gradual decline, currently testing 1.0535. Last week’s
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