- The euro hit a 1-week high of $1.1902 during the press conference following the policy decision.
- “The Governing Council discussed the appreciation of the euro, but as you know we don’t target the exchange rate,” ECB President Christine Lagarde said in a press conference Thursday.
- The ECB decided Thursday to keep its interest rates and coronavirus-stimulus program unchanged.
The European Central Bank said it discussed the recent appreciation of the euro at its policy meeting on Thursday and will “carefully monitor” the exchange rate going forward.
The euro hit a 1-week high of $1.1902 during the press conference following the policy decision. It has risen over 5% against the the U.S. dollar since the start of July