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ECB's Nowotny - Full monetary union is needed for euro area

FXStreet (Mumbai) - The European Central Bank (ECB) member Edwald Nowotny was on the wires today stating that the Eurozone needs full monetary union and not just a currency union.

He further added that the central bank is at a risk of overstretching its mandate without a monetary union. Euro area needs governance reform, Nowotny added.

Brazil Inflation Index/IGP-M: 0.95% (September) vs 0.28%

Brazil Inflation Index/IGP-M: 0.95% (September) vs 0.28%
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NZD/USD stages a solid come-back beyond 0.6300

The NZD/USD pair stood resilient to the risk-off flows and emerged the best performer amongst the commodity-currencies during the European session.
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