The euro started the week with gains and pushed up the 11.6 line, but dovish comments from ECB President Christine Lagarde put a lid on any hope of a rally, and EUR/USD is now closing in on the 1.15 level. Lagarde dismissed any expectations of a rate hike from the ECB, saying that it would not have any effect in the current environment of high commodity prices. In September, Lagarde dismissed the notion of a taper by the Bank, stating “the lady isn’t tapering”. Lagarde has signalled that she has no intention of following other central banks and tightening policy. Last week, she said that there were “no signs that ... (full story)