The ECB leaves the interest rate at 0.05% as expected. While signs showing an increasing recovery in the euro zone, the release of disappointing US economic data continues.

ECB President Draghi sees successes of the QE

After the ECB left its key interest rate for the euro zone at its meeting today, as expected, at 0.05%, the interest was focused on the subsequent press conference and the statements of the ECB President. Here signs were awaited, over the course of the ECB monetary policy and the bond-buying program, which started in March. Overall, Draghi said, the extremely loose monetary policy will be continued, and warned to give the improved economic outlook too early too much importance. The bond purchases Draghi rated positive and indicates that the first positive effects were evident. Among other things, the demand for loans has risen again, but the targeted inflation of nearly two percent is still a long way off. In March, it was in the euro zone still down -0.1%. A piece of entertainment was given from a young woman, who probably belonged to the of women's rights protest group FEMEN. She jumped shortly after the beginning of the Draghi speech on the podium and shouted "ECB Dictatorship". The woman was overwhelmed by security forces.

US economic data continues below forecasts

The messages of unexpectedly poor data from the US- economic do not stop. After the numbers in the past few weeks had already taken care for disappointment among investors, the figures released today mostly remained below expectations. The most obvious was the Empire at the NY manufacturing activity in which a slight increase of 0.1 points to 7.00 was expected, but ultimately fell to -1.19 points. In the industrial production a decline by -0.3% was expected, but actually they fell by -0.6%. By the current economic situation in the US, an early increase in interest rates by the Fed becomes more improbable what is now seen in the value of the US dollar, which has yielded almost all pairings.

The euro is rising against the US dollar currently at 0.26% at 1.0685, and reached during the day in the meantime the mark of 1.07 USD. The British pound also appreciates against the US dollar, currently at 0.39% at 1.4840.