The euro tumbled after the European Central Bank’s latest monetary policy decision.
The currency is down by 0.4% at 1.0928 against the dollar as of 2:28 p.m. ET.
Earlier in the day, the European Central Bank held all of its main rates unchanged and posted a press release that was completely unchanged in its wording for the third consecutive meeting – aside from the date.
The bank added it expects “interest rates to remain at present or lower levels for an extended period of time.”
During the following press conference in Frankfurt, President Mario Draghi said that the ECB has yet to discuss extending its current quantitative easing programme beyond its current end point of March 2017.
As for the rest of the world, here’s the scoreboard as of 2:29 p.m. ET:
- The US dollar index is up by 0.4% at 98.28. Notably, distressed sales – foreclosures and short sales – as a percent of residential sales fell to 4% in September – the lowest level since the National Association of Realtors’ record keeping began in October 2008. The Australian dollar is down by 1.2% at .7632 per dollar following a disappointing jobs report. Australia’s economy lost 9,800 jobs in September, which was far worse than the addition of the 15,200 jobs that economists had forecast. However, it’s possible that the big miss could be the result of census volatility. The British pound is down by 0.3% at 1.2258 against the dollar. The currency has been on a wild ride over the last 24 hours, rising after UK unemployment figures, then tumbling, then slightly recovering this morning, and then tumbling again. The Mexican peso spiked after the final presidential debate ended, but is now down by 0.4% at 18.5974 per dollar. The Russian ruble is down by 0.3% at 62.4743 per dollar, while Brent crude oil, the international benchmark, is down by 2.5% at $51.35 per barrel. The Japanese yen is down by 0.5% at 103.98 per dollar.