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‘Will review monetary policy stance in December meeting’ – ECB Chief Draghi

FXStreet (Mumbai) - The European Central Bank (ECB) President is now crossing the wires via Reuters, reiterating that the governing council will review the monetary policy path at its Dec meeting, while also echoing that the central bank has many instruments available at its discretion and that the council is ready to act, if necessary.

Key Quotes:

‘We are not constrained in our ability to act, we have many tools at our disposal‘

‘GC will review monetary policy stance in December meeting’

‘We must consider if weaker global environment impacts ability to return to price stability’

‘QE has been 'undoubtedly' effective to date’

SMA cross inflicts damage to AUD/USD chart

SMA cross inflicts damage to AUD/USD chart
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USD/CAD could visit 1.3460 in the near term – Westpac

Strategist at Westpac Richard Franulovich has argued the pair could test recent highs at 1.3460 in the next weeks...
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