The European Central Bank will announce interest rate decision at 9:15 am ET Thursday. Economists widely expect the bank to raise the benchmark refi rate by 50 basis points to 3.50 percent.

Ahead of the announcement, the euro dropped against its major opponents.

The euro was worth 140.19 against the yen, 0.9816 against the franc, 0.8787 against the pound and 1.0589 against the greenback as of 9:10 am ET.

Grafico Cross Euro vs US Dollar (FX:EURUSD)

Da Apr 2023 a Mag 2023 Clicca qui per i Grafici di Euro vs US Dollar
Grafico Cross Euro vs US Dollar (FX:EURUSD)

Da Mag 2022 a Mag 2023 Clicca qui per i Grafici di Euro vs US Dollar