Economic data
Euro: ECB tone watched on France – ING
ING’s Francesco Pesole expects the European Central Bank to keep rates unchanged and does not see French bond market stress as sufficient to trigger a dovish pivot, given high Oil and gas prices. Markets price some chance of a December hike, but ING anticipates a cautious communication. The bank sees EUR/USD holding above 1.110, with US data potentially exerting modest downside pressure.