EUR's November debut looks firmer

The euro made its November debut firmer, benefiting from caution ahead of America's jobs report on Friday and news of a slight upgrade to the bloc's factory sector in November. 

"Still, meaningful upside should remain a challenge for the euro on the notion the ECB may soon give its so-called policy bazooka greater firepower", says Western Union. 

Indeed, President Draghi sent a clear message at the November meeting press conference that further easing was imminent and an expansion of the QE programme is likely before year-end, adding further downward pressure to the EUR.