The ECB’s apparent decision to delay a second interest rate hike until at least July sent the euro down as much as 2.6% intra-day against the dollar on Thursday.  As investors await the other main event of the week, the U.S. Department of Labor April Jobs report, the dollar is unchanged from its close yesterday [...]

The Czech National Bank did not follow last month’s ECB rate hike cue but rather by a 5-2 vote retained a two-week repo rate of 0.75% and respective deposit and Lombard rates of 0.25% and 1.75%. These interest rate levels represent cyclical lows and have been in place since a final cut of 25 basis [...]