The ECB left in place its marquee policy measures, including its €2.3 trillion bond-buying program and ultralow interest rates. The euro rose above $1.06 recently, up 0.7% on the day. The yield on the 10-year German government bond rose 0.04 percentage point to 0.417%, according to Tradeweb. The euro tends to gain, and bond yields rise, when traders perceive that the central bank is scaling back, or not adding to, its stimulus. Analysts had speculated the ECB might not extend the T-LTROs, one of its emergency stimulus measures, at its March meeting.

Source: Wall Street Journal March 09, 2017 12:40 UTC