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ECB leaves rate unchanged

EURUSD News by Newsroom on 07:45 Octuber 26, 2017 EST

The ECB keeps its key interest rate on the main refinancing operations that provide liquidity to the EU banking system at 0.00% as expected.

However, ECB's chairman Mario Draghi will address the press at 8.30am EST (2.30pm CET) and he may announce the start of the withdrawal of some the stimulus the central bank is providing to the EU zone.

EURUSD heads lower on the news. A Euro buys 1.1750 after the news around 0.60 cents below its previous exchanged before the news release.