Euro rebounds after ECB

Euro rose today after three sessions of losses following the European Central Bank's meeting earlier today, while the dollar retreats against a basket of currencies, underpinning the common currency.
 
EUR/USD last traded at 1.0592, up from the opening of 1.0548, with a session-high at 1.0618, and a low at 1.0528.
 
Euro's current rise comes after the ECB kept interest rates unchanged at zero, while also maintaining the pace of the stimulus program to buy government bonds at 80 billion euros a month.
 
European Central Bank President Mario Draghi said in a press conference that evaluations made by the bank for the economy and current conditions bolster the case for keeping interest rates unchanged at their record lows for a longer period of time.

The dollar fell against a basket of currencies today after U.S. unemployment claims rose last week, while the ECB upgraded its growth and inflation forecasts for this year, underpinning the euro.