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European Central Bank Leaves Benchmark Interest Rate Unchaged at 1%

By David Schutz
06 June 2012 11:57 GMT

European_Central_Bank_Leaves_Benchmark_Interest_Rate_Unchaged_at_1_body_BOE.png, European Central Bank Leaves Benchmark Interest Rate Unchaged at 1%

The Euro stayed higher against the US Dollar on news that the European Central Bank left policy changes on hold. The central bank left its benchmark interest rate unchanged at 1%. The single currency was well bid against the US Dollar and Japanese Yen heading into ECB chief Mario’s Draghi’s speech in the hour following the release. The British Pound stayed higher against the Euro.

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06 June 2012 11:57 GMT