Euro Spikes Up As ECB Retains Rate At 0.75%

In contrast to the market expectations, the European Central Bank retained its benchmark interest rate, known as the refi, at 0.75 percent.

The euro edged sharply higher against its major rivals following the rate decision. As of 7:47 am ET, the common currency was trading at 99.30 against the yen, 1.2652 against the dollar, 0.7948 against the pound and 1.2045 against the franc.

by RTTNews Staff Writer

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