Based on Bpaynews, European forex markets traded in tight ranges on Monday due to a thin data calendar and limited policy signals, which kept volatility subdued. The dollar edged higher amid month-end rebalancing flows, while European equities and core bond yields remained largely unchanged. ECB Governing Council member Gabriel Makhlouf noted that euro-area inflation is 'in a good place' but risks remain. France's November consumer confidence missed expectations, and Germany's Q3 GDP was confirmed at 0.0% q/q. Market focus shifts to the UK Autumn Budget and US labor data, with futures implying a 70% probability of a December Fed rate cut.
European FX Markets Trade Narrowly Amid Light Newsflow and Month-End Rebalancing
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