EMU: ECB unchanged as expected, rate at 0.75% in April

FXstreet.com (Barcelona) - The ECB decided to keep its refi rate unchanged at 0.75% in April. Rates of the marginal lending facility and the deposit facility were kept at 1.50% and 0%, respectively. President Mario Draghi will be answering questions at the press conference scheduled at 12:300 GMT.

Apr 4, 2013

Forex: USD/CHF falls off 0.9500 after ECB decision

A USD/CHF surge was seen during early European trading, however this ultimately stalled at 0.9512 (session high), leading to a paring of gains. Following the news of the ECB – which held rates constant at 0.75%, a move largely expected – the pair is now trading at 0.9485/87, still up +0.36% Thursday.

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Apr 4, 2013

Forex: USD/JPY upside stable at 95.50 ahead of US money

After the rally from just below 93.00 to 95.67 high on the surprising announcement of the BoJ decision, surpassing the already high expectations, the USD/JPY is stabilizing around 95.50, +2.60% on the day.

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