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Additional set of instruments necessary – ECB’s Nowotny

FXStreet (Mumbai) - The European Central Bank member Nowotny was on the wires stating that the bank is clearly missing its inflation target and thus a new set of instruments are necessary.

Speaking in Warsaw Nowotny said "In my view it's quite obvious that additional sets of instruments are necessary". Nowotny added that core inflation is also below bank’s target and that new instruments are to include structural measures.

USD selling, across the board as bulls run for cover - Investec

Research Team at Investec, note that after the US Retail Sales came in softer than expected, US Dollar selling was witnessed across the board as investors were likely concerned that if consumer spending remains muted, it will be difficult for inflation to recover in the US with a backdrop of subdued energy prices.
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EUR/USD: outlook remains constructive – OCBC

Emmanuel Ng, FX Strategist at OCBC Bank, sees there is still room for the pair to test the 1.1560 area..
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