The European Central Bank will announce its interest rate decision at 7:45 am ET. The central bank is expected to hold the benchmark interest rate at 0.75 percent and the deposit facility rate at 0.0 percent.
The euro held steady against its major opponents ahead of the rate decision. As of 7:40 am ET, the common currency was trading at 127.20 against the yen, 1.2325 against the Swiss franc, 0.8640 against the pound and 1.3570 against the dollar.
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