U.S. short-term interest rate futures rose after the release of U.S. PPI and initial jobless claims data.

The USD/CHF exchange rate fell 0.50% during the day and is now trading at 0.9081.

U.S. Treasury yields fell after the release of U.S. PPI data for March.

Analyst Alexander Weber: The ECB remains focused on three conditions for setting interest rates: the inflation outlook, underlying inflation dynamics and the transmission of monetary policy.

The annual rate of core PPI in the United States in March was 2.4%, in line with expectations of 2.30% and the previous value of 2.00%.

The four-week average of initial jobless claims in the United States for the week ending April 6 was 214,250, compared with 214,250 in the previous week.

The number of people continuing to claim unemployment benefits in the United States in the week ending March 30 was 1.817 million, compared with expectations of 1.80 million and the previous value of 1.791 million.

The U.S. dollar/Swiss franc USD/CHF fell below 0.91, down 0.30% on the day.

ECB: The portfolio of the Pandemic Emergency Purchase Program (PEPP) will be reduced by an average of 7.5 billion euros per month in the second half of the year.

The euro/GBP exchange rate is now down 0.25% at 0.8546.

The euro/USD pair fell to its lowest level since February 14, down 0.2% on the day.

The European Central Bank reiterated its plan to start reducing the portfolio of its emergency anti-epidemic bond purchase program (PEPP) in the second half of the year.

The ECB will regularly review the contribution of its targeted longer-term refinancing operations (TLTROs) to the policy stance.

ECB: Domestic price pressures keep services inflation high.

ECB: Tight financing conditions are putting pressure on demand.

The European Central Bank kept interest rates unchanged, and the US dollar index DXY rose more than 10 points in the short term and is now at 105.31.

ECB: No specific interest rate path is set in advance.