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ECB's Knot: Euro gain reflects benign assessment of economy - Bloomberg

Bloomberg is out with some comments from the European Central Bank policymaker Klaas Knot, with the key highlights found below:

  • Euro gain reflects benign assessment of economy
  • Main rationale for ECB asset purchases has vanished
  • Eurozone needs a recalibration of monetary policy

USD/CAD drops to fresh session lows, weighed down by rallying oil prices

The USD/CAD pair maintained its offered tone through early NA session and is currently placed near session lows, below mid-1.2200s. The pair extended
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Fed to hike in December – Danske Bank

Analysts at Danske Bank suggest that their base scenario is that the Fed will hike in December, mainly because the Fed puts more weight on labour mark
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