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ECB looking for a deposit rate cut in December – Livesquawk

FXStreet (Mumbai) - The Livesquawk is reporting “sources” stating that the European Central Bank (ECB) is looking at the deposit rate cut move in December as opposed to the market expectation of more QE.

Sources say consensus is forming around a rate cut and the current debate is over the size of the cut. Markets have been expecting an expansion in the size of the QE program (currently worth EUR 60 billion per month).

A cut in the deposit rate in December would in itself make more bonds available for purchases under the QE program.

USD/JPY:Bulls struggling to push above 76.4% fib level

The bullish move in the USD/JPY pair appears to have stalled around 123.55 (76.4% of 125.856-116.08) levels in the US session.
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Stronger dollar is ‘normal’ – Fed’s Evans

Chicago Fed President Charles Evans has deemed as ‘normal’ a stronger dollar following October’s Payrolls, adding that it shows confidence in the US economy...
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