ECB Cuts Rates, Announces New QE Program, EURUSD Slumps Below 1.10

The European Central Bank (ECB) cut its deposit facility rate by 10 basis points to -0.50%, in-line with market expectations, and announced that it will re-start QE from November 1.

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ECB Cuts Rates, Announces New QE Program, EURUSD Slumps Below 1.10