In its meeting yesterday, the ECB didn’t bring either a trick or a treat for traders; ECB President Lagarde and company stuck to the script with no changes to monetary policy and reiterated that monetary policy would remain restrictive for some time. In the wake of the mostly as-expected central bank meeting, it’s perhaps not surprising that EUR/USD ended the day essentially unchanged. Meanwhile across the Atlantic, the September US Core PCE release came out as expected at 0.3% m/m (3.7% y/y), prompting little in the way of changing expectations for the Fed’s monetary policy moving forward. Perhaps the most important ... (full story)