The single currency is now rapidly depreciating against the greenback, dragging the EUR/USD to fresh multi-day lows below 1.3550. The pair has adversely reacted despite manufacturing PMI prints from the euro area came in above expectations for the month of November, showing better Q4 GDP prospects mainly in Germany and the EMU. The pair is now challenging lows around 1.3550 and In light of the ECB meeting on Thursday, Analyst Anders Moller Lumholtz at Danske Bank, commented, “While most watchers expect further action to be taken to stimulate the weak European economy at some point early next year, few look for any ... (full story)