Investing.com -- President Donald Trump raged again at the Federal Reserve Thursday after the European Central Bank cut its key interest rate further into negative territory and announced it would restart quantitative easing from November.
"They are trying, and succeeding, in depreciating the Euro against the VERY strong Dollar, hurting U.S. exports.... And the Fed sits, and sits, and sits. They get paid to borrow money, while we are paying interest!" Trump said via Twitter.
ECB cut its deposit rate by 10 basis points to -0.5%;
ECB will resume quantitative easing on an open-ended basis at a rate of 20 billion euros a month from November
EUR/USD at $1.0969 vs $1.1023 immediately before the QE announcement.
ECB President Mario Draghi's press conference to start at 8:30 AM ET. Follow it live at investing.com.