On October 27, the European Central Bank (ECB) will hold its monetary policy meeting to announce a decision on interest rates. It is largely anticipated by market participants that ECB interest rates will be increased by 75 basis points, marking the second consecutive increase of this magnitude and bringing the cost of money to its highest level since the first quarter of 2009. Compared to earlier ECB meetings this year, the euro (EUR/USD) is in better shape going into this one. Over the last month, the euro has gained more than 3% against the US dollar, bringing it closer to parity levels. Will the hawks currently ... (full story)