At 7.45 am ET Thursday, the European Central Bank kept its refi rate at zero percent and the deposit rate at -0.4 percent, as expected. Following the announcement, the euro declined against its major counterparts.

The euro was trading at 1.0884 against the greenback, 121.17 against the yen, 1.0820 against the franc and 0.8445 against the pound around 7:46 am ET.

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