As expected, the European Central Bank kept the main refi rate at a record low of zero percent and the deposit rate at -0.40 percent at 7:45 am ET Thursday.

After the decision, the euro bounced off from its early lows against its major counterparts.

The euro was worth 1.1383 against the greenback, 129.13 against the yen, 1.1288 against the franc and 0.8988 against the pound around 7:49 am ET.

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