EURUSD Intra-Day Fundamentals - Minimum Bid Rate and 150 pips price movement
3 December 2015, 14:42
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2 948
2014-12-03 12:45 GMT | [EUR - Minimum Bid Rate]
- past data is 0.05%
- forecast data is 0.05%
- actual data is 0.05% according to the latest press release
[EUR - Minimum Bid Rate]= Interest rate on the main refinancing operations that provide the bulk of liquidity to the banking system.
Short term interest rates are the paramount factor in currency valuation
- traders look at most other indicators merely to predict how rates
will change in the future.
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At today’s meeting the Governing Council of the ECB decided that the interest rate on the deposit facility will be decreased by 10 basis points to -0.30%, with effect from 9 December 2015.
The interest rate on the main refinancing operations and the interest rate on the marginal lending facility will remain unchanged at 0.05% and 0.30% respectively.
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EURUSD M5: 150 pips price movement by EUR - Minimum Bid Rate
