ECB Monetary Decision & Greek Agreement Lift Euro

The euro rose today after the European Central Bank maintained its interest rates and Greek leaders managed to reach an accord regarding austerity measures that are required to get the next round of rescue.
The ECB left its benchmark interest rate at 1 percent at a monetary policy meeting today. Mario Draghi, President of the ECB, said in the statement after the meeting that there are “some tentative signs of a stabilisation in economic activity at a low level”, but added:

Subdued global demand growth, the remaining tensions in euro area sovereign debt markets and their impact on credit conditions, as well as the process of balance sheet adjustment in the financial and non-financial sectors, continue to dampen the underlying growth momentum.

Draghi also said that Greek politicians resolved their disagreement before an emergency meeting of eurozone finance ministers in Brussels today.
EUR/USD opened at 1.3260 and traded at about 1.3285 as of 15:48 GMT today, while the intraday high was 1.3321 and low was 1.3215. EUR/JPY went up from 102.13 to 102.78.

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