Forex traders refrained from taking big positions in EUR/USD ahead of the European Central Bank's monetary policy announcement today. The ECB is widely expected to keep monetary policy unchanged -
there should be no surprises on this front, but in his press conference
Super Mario could signal his willingness to don a Santa hat and deliver
more stimulus in December. As shown in the table below, there has been
widespread deterioration in the Eurozone and German economy since the
last monetary policy meeting. Slower activity was also reported in China
and the U.S. so there are plenty of reasons for Draghi to be concerned
about the global and domestic economies. Inflation remains low and other
members of the ECB have already said more stimulus could be necessary........ detail click here
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