The ECB cut its central refi refinancing rate to 0.15%, from 0.25% previously.
They also lowered the rate at which the central bank pays commercial banks for depositing their unused cash into negative territory for the time, cutting it from zero % to minus 0.10%.
The ECB, with its lone mandate to provide price stability across the 18-nation euro zone, made the move in order to combat deflation and spur lending.
The ECB also said more stimulus is on the way in the form of an undetermined amount of asset-backed security purchases.
The buck initially spiked higher to
Early gains also quickly evaporated versus the sterling, as the buck slipped to
The Bank of
The dollar eased very slightly to
In economic news from the US, the
However, the four-week moving average still fell to its lowest level in about seven years.
The report said initial jobless claims rose to 312,000, an increase of 8,000 from the previous week's revised level of 304,000.
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