The euro is stable against the US dollar, the Japanese currency is appreciating, the pound is declining against the US currency. The market is waiting for the publication of the results of the June meeting of the European Central Bank (ECB), which will be held at 14:45 Moscow time.

Experts mainly predict that the ECB will announce its intention to end the asset purchase program in June and raise the deposit rate, currently at minus 0.5%, in July. The rate has been below zero since 2014.

Investors will also be waiting for signals from the regulator on how much it plans to raise the rate next month and at what pace it intends to increase it further, notes Dow Jones. Quotes of rate futures show that the market estimates a 50% probability of a rate hike by the European Central Bank by 50 basis points (bps) at the July meeting. The last time the ECB raised the rate by 50 bps was in 2000.

The euro exchange rate may rise above the $1.08 mark if the ECB announces its intention to end its negative rates policy by the third quarter of this year, according to analysts at Exinity Group.

As of 9:44 Moscow time, the euro was trading around $1.0713 versus $1.0716 at the close of the previous session. The dollar-yen price fell 0.25% to 133.92 yen versus 134.28 yen at the close of trading the previous day. The pound sterling fell 0.22% against the dollar to $1.2510 from $1.2537 on Wednesday.

The ICE U.S. Dollar index, which shows the value of the U.S. dollar against six major world currencies, is down 0.06% in trading, as is the WSJ Dollar indicator, which tracks the dollar against 16 currencies.