What is it? The rate decision is often priced in the market so it tends to be overshadowed by the ECB Press Conference held 45 minutes later. Source changed release frequency from monthly to eight times per year as of Jan 2015. Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future.
When? At 7:45am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the EUR to rise.
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