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- Asian session: The euro remains at the highest levels
Asian session: The euro remains at the highest levels
The euro remains at the highest levels after European Central Bank President Mario Draghi indicated the bank doesn't anticipate cutting interest rates further into negative territory in the future. Those efforts include cutting its benchmark interest rate from 0.05% to 0%, its deposit facility from minus 0.3% to minus 0.4% and its marginal lending facility from 0.3% to 0.25%. The central bank also unveiled new corporate bonds purchases and new loans to banks.
New Zealand rose despite the fact, the manufacturing sector in New Zealand continued to expand in February, albeit at a slower pace, the latest survey from Business NZ revealed on Friday with a Performance of Manufacturing Index score of 56.0. That's down from the upwardly revised 58.0 (originally 57.9), although it remains well above the boom-or-bust line of 50 that separates expansion from contraction. In all, the index has been in expansion since October 2012.
EUR/USD: during the Asian session the pair fell to $1.0970
GBP/USD: during the Asian session the pair fell to $1.4185
USD/JPY: during the Asian session the pair rose to Y113.80
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