Improving European manufacturing balanced euro against dollar The dollar is mixed against major pairs after a week where Fed speakers offered a mixed narrative. The majority of policy makers agree that the massive balance sheet accumulated during the quantitative easing program from the US central bank should start shrinking sooner rather than later. The point of debate remains the number of rate hikes in the horizon, with St. Louis Fed President James Bullard calling it “unnecessarily aggressive” and the CME FedWatch tool showing a 50 percent probability of a hike in December. Flash manufacturing purchasing manager ... (full story)