Euro falls despite ECB decision, Lagarde's statements

Euro fell against the US dollar today, shrugging off the European Central Bank President, Christine Lagarde, positive remarks about the Eurozone economy.

The ECB decided to hold interest rates at -0.5%, unchanged from previous meeting, and announced it will continue the €20 billion asset purchase program in a bid to stimulate the Eurozone economy.

Legard said in her first press conference that the ECB sees preliminary signals that the slowdown in the Eurozone economy has stopped, which increased odds for the bank to hold the interest in the near-term.

Lagarde added that the ECB will conduct a comprehensive strategic review that will begin in January of the economy and monetary policy will include climate change, income inequality and the distribution of wealth, and expected the fo the review to go on until next December.

As for trading, EUR/USD fell 0.2% to 1.1108 as of 19:44 GMT, the pair hit an intraday high of 1.1155 and a low of 1.1104.