The euro trimmed its early gains against its major rivals in the European session on Thursday, after the European Central Bank left its key interest rates unchanged and retained its asset purchases of EUR 80 billion a month till March, while tapering them to EUR 60 billion a month from April 2017.

The Governing Council, led by ECB President Mario Draghi, kept the refi rate unchanged at a record low zero percent in the policy session held in Frankfurt.

The deposit rate was held steady at -0.40 percent, and the marginal lending facility rate at 0.25 percent. The rate decision was in line with economists' expectation.

The bank also decided to continue its purchases under the asset purchase programme, or APP, at the current monthly pace of EUR 80 billion until the end of March 2017.

From April 2017, the net asset purchases are set to be carried out at a monthly pace of EUR 60 billion until the end of December 2017, or beyond, the bank said.

Draghi is set to begin his customary post-decision press conference at 8.30 am ET, when he is set to face questions on the scaling back of stimulus called 'tapering' and the 'no' vote in Italy's referendum and the country's subsequent request for more time to rescue the troubled Monte dei Paschi bank.

The currency showed mixed performance in the Asian session. While the euro held steady against the franc and the pound, it rose against the greenback. Against the yen, it declined.

The euro that appreciated to near a 4-week high of 1.0873 against the greenback immediately after the decision retreated to 1.0741 in a short while. At Wednesday's close, the pair was valued at 1.0752. On the downside, 1.06 is possibly seen as the next support level for the euro.

Pulling away from its recent 8-day high of 0.8571 against the Sterling, the euro declined to 0.8478 shortly afterwards. The euro is poised to locate support near the 0.84 area.

The Report on Jobs compiled by the Recruitment and Employment Confederation and IHS Markit showed that U.K. permanent job placements grew at the fastest pace in nine months in November.

The number of people placed in permanent jobs rose again in November, with the rate of growth quickening to its sharpest since February.

The single currency eased back to 1.0842 against the Swiss franc, from near a 2-month high of 1.0898 set in the aftermath of the announcement. Continuation of the euro's downtrend may see it challenging support around the 1.07 region.

The 19-nation currency reversed from a new 4-week high of 1.4513 against the aussie, edging lower to 1.4372. The next possible support for the euro-aussie pair is seen around the 1.42 mark.

The euro declined to a 3-day low of 1.4195 against the loonie, after having advanced to 10-day high of 1.4354 soon after the ECB decision. The euro is likely to challenge support near the 1.41 area.

Following a 2-day high of 1.5090 hit against the NZ dollar at 7:45 am ET, the euro retreated to 1.4945. The euro is seen finding support around the 1.48 area.

On the flip side, the euro firmed to a 6-1/2-month high of 123.34 against the yen, up from a 2-day low of 121.99 hit at 10:30 pm ET. The next possible resistance for the euro-yen pair may be located around the 126.00 mark.

Survey figures from the Cabinet Office showed that a measure of peoples' assessment of the Japanese economy increased unexpectedly in November to the strongest level in almost one year.

The current index of Economy Watchers' survey climbed to 48.6 in November from 46.2 in the previous month. Meanwhile, economists had expected the index to fall to 45.5.

Looking ahead, Canada building permits and house price index for October and U.S. weekly jobless claims for the week ended December 3 are due to be released shortly.

Later in the day, Bank of Canada Governor Stephen Poloz, Canada Minister of Finance Bill Morneau and Minister of Status of Women Patty Hajdu are scheduled to attend an event in Gatineau, Quebec, Canada.

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