ECB’s Villeroy: Disinflation process is still on track

• It is too early to tell but we could expect inflationary effects from new US policies
• There could be decoupling between ECB and Fed on rates, but it is a non-issue

ECB policymakers are out in droves today and they have been consistent with their remarks. All of it points to rate cuts in January and in all likelihood, March as well. EUR/USD is now flat on the day again to 1.0428 as the dollar gives back its earlier gains across the board.

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