“It is very likely that in December we will add monetary stimulus to what we have today.“Paolo Hernández de Cos, a member of the Governing Council of the European Central Bank (ECB), told Spanish lawmakers,” Reuters reported.
Hours ago, the Vice President of the ECB, Luis De Guindos, recommended that the support measures taken in Spain to deal with COVID-19 should be more selective and focus on helping the people and sectors most affected.
Market reaction
These comments had no impact on the market. EUR / USD is unchanged from Tuesday’s close and is rebounding from 1.1600, trading above 1.1700, with attention focused on the US electoral process.
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Credits: Forex Street
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