Forex: EUR/USD hits 1.4880 as daily high after the ECB decision

05 November 2009 @ 08:01 am EDT

FXstreet.com (Barcelona) - The Euro has risen against the Dollar in the minutes following to the ECB decision to hold unchanged its interest rate at 1.0%. The EUR/USD has advanced to 1.4880 from 1.4875 and currently the pair is trading around 1.4865/75, 0.10% below today's opening price action.

The European Central Bank Monetary Policy Committee has decided to leave its Refi Rate unchanged at 1.0% after its monetary policy meeting.

Pair seems to be focused on today's ECB president, Jean Claude Trichet, speech at the 13:30 GMT.

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