The euro, stuck in a 10-U.S. cent trading range for much of this year, can’t escape its bounds without a clear interest-rate trajectory from the Federal Reserve, according to Russell Investments, which oversees about $266 billion. “To break out of that trading range in either direction we need a significant change in the story, either around the European Central Bank or the Fed,” Wouter Sturkenboom, senior investment strategist at the company, said in an interview in London. “The Fed needs to move in December and establish what we think is an every-other-meeting rate-hike schedule. Then we think we should definitely ... (full story)