Intra-day Market Moving News and Views
02 Nov 2015 08:29GMT
EUR/USD - ...... Euro fell from intra-day European high of 1.1050 on dovish comments by ECB's Nowotny.
Reuters reported the European Central Bank must take action given inflation that is well below its target of just under 2%, Governing Council member Ewald Nowotny said in a newspaper interview published on Monday.
"The ECB must act," Nowotny was quoted as saying by the Kleine Zeitung newspaper when asked why the ECB was considering expanding its bond-buying programme. "But there are no decisions. There are discussions. I would advise more towards caution and a steady-hand policy."
The ECB is ready to do what it takes to keep its medium-term inflation target on course, its head Mario Draghi said in a newspaper interview published on Saturday.
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