LONDON (Reuters) – The euro was steady on Thursday, as were euro zone government bond yields, after the European Central Bank left interest rates unchanged and did not signal an imminent cut in September.
The euro was last at $1.09325, having traded at around $1.09278 earlier. Against the pound, the euro was up 0.12% on the day at 84.20 pence, compared with 84.175 pence before the ECB decision.
European Central Bank President Christine Lagarde holds a press conference at 1245 GMT, which could shed more light on the details of the central bank’s decision and policymakers’ thinking about the likely path of interest rates.
German two-year bond yields, which are more sensitive to changes in interest rate expectations, rose 1.3 basis points on the day to 2.789%, unchanged from before the decision.
The spread between two-year and 10-year yields narrowed to -34.9 basis points from -35.3 basis points previously.
European stocks rose 0.4%.