The euro was pinned at an 11-week low on Thursday after the ECB cut rates by 25 basis points as expected, while European shares held onto gains on the back of better earnings both at home and from Taiwanese chipmaking giant TSMC.

Paris and Frankfurt stock markets climbed and the euro traded mixed Thursday before an expected interest-rate cut from the European Central Bank as the eurozone faces weakening economic activity and

The Euro experienced a significant drop following the European Central Banks (ECB) decision to reduce its deposit rate by 25 basis points, which was anticipated. The ECB indicated that the ongoing disinflationary trend