News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Euro Mixed After ECB Holds Rates; All Eyes on Draghi Press Conference

Euro Mixed After ECB Holds Rates; All Eyes on Draghi Press Conference

Christopher Vecchio, CFA, Senior Strategist

THE TAKEAWAY: EUR European Central Bank Rate Decision > Key Rate on Hold at 0.75% as expected > EURUSD NEUTRAL

The European Central Bank has announced its key interest rate for the coming weeks, where it is on hold at 0.75%, as expected according to a Bloomberg News survey. The ECB also announced that it would be leaving its marginal lending rate unchanged at 1.50% and its deposit facility rate unchanged at 0.00%.

ECB President Mario Draghi is now scheduled to speak at 08:30 EDT / 12:30 GMT.

EURUSD 1-minute Chart: October 4, 2012

Euro_Mixed_After_ECB_Holds_Rates_All_Eyes_on_Draghi_Press_Conference_body_Picture_1.png, Euro Mixed After ECB Holds Rates; All Eyes on Draghi Press Conference

Charts Created using Marketscope – Prepared by Christopher Vecchio

Following the rate decision, the EURUSD perked up more from its pre-release gains, trading as high as 1.2967, before falling back to 1.2951 at the time this report was written. The pair remains near session highs set post-release with the session low coming in at 1.2900.

Follow the ECB Press Conference in the DailyFX Real Time News feed.

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, send an e-mail with subject line "Distribution List" to

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.