FX.co ★ Euro Rises After ECB Decision

As expected, the European Central Bank raised its main refinancing rate by 50 basis points to 3.50 percent. Following the announcement, the euro rose against its major opponents.

The euro was trading at 140.00 against the yen, 0.9825 against the franc, 0.8785 against the pound and 1.0598 against the greenback around 9:20 am ET.