The European Central Bank announced that it will keep its benchmark interest rate at 1% today. On top of that, the ECB unexpectedly announced that it is raising the inflation projection for the eurozone. The news has been greeted with optimism about the 17-currency region, and the euro is gaining against the US dollar and other major currencies.

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The UK pound is rising against the US dollar, enjoying gains not seen for more than a week. The latest interest rate decision by the Bank of England is to keep it the same. Additionally, the Bank of England is going to keep its debt-purchase program on hold for now.

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The New Zealand dollar jumped today, rising for a second day, after the New Zealand central bank kept its main interest rate unchanged yesterday and signaled that it may leave the rate relatively low for some time.(...)
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The South Korean won rose today after Korea’s central bank kept its main interest rate unchanged as the negative impact of the eurozone crisis was balanced by rising fuel prices that were adding an upside risk for inflation.(...)
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The Norwegian krone continued to rally today, following yesterday’s gains, on the speculation that the nation’s central bank will end its interest rate cuts as the Norwegian economy demonstrates positive developments.(...)
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The Canadian dollar rose yesterday and is keeping its gains today as analysts predict that Canada’s central bank will keep its main interest rate unchanged at today’s monetary policy meeting.(...)
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