What is it? It checks the interest rate on the main operations that provide the majority of liquidity to the banking system.
Short term interest rates are the dominant factor in currency valuation - traders look at most other indicators only to predict how rates will change in the future.
Usual Effect: If the actual number is bigger than the forecast, you can expect the EUR to rise.
When? Today (2.10) at 07:45am Eastern Time.
Trading Tip: The announcement can greatly affect the EUR, make sure to make your trade before.
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