<ul><li>Everyone acknowledges that we need a rate hike next month</li><li>Would not rule anything out right now</li></ul><p style=““ class=“text-align-justify“>They are certainly playing it coy and there’s still a debate on whether they will hike by 50 bps or 75 bps. There is talk doing the rounds though that an ECB insider is claiming that he/she is „almost sure“ that the December decision will be a 50 bps move (h/t @ LiveSquawk). That might be what has just weighed on the euro slightly from 1.0420 to 1.0395 currently.</p>

This article was written by Justin Low at forexlive.com.