Euro Reaction Hinges on ECB Tone on France, Rate-Rise Prospects
ING's Francesco Pesole says the euro's reaction will depend on the ECB's tone on France's fiscal issues and the prospect of future rate increases. The ECB is expected to leave rates unchanged later.
The European Central Bank is expected to leave interest rates unchanged later but its tone on France's fiscal issues and the prospect of future rate increases will determine the euro's reaction, ING's Francesco Pesole says in a note. Signalling that rates are likely to be raised in December would s…