Anticipation Builds for ECB's Meeting - in December
The euro touched its weakest level since July and stocks in the region fell after their first back-to-back gains in two weeks as investors speculated that the European Central Bank may lay the groundwork for future easing of monetary policy. Overnight implied volatility on the euro against the dollar jumped to a three-month high before the ECB’s policy decision and President Mario Draghi’s explanatory briefing. While the stimulus is scheduled to end in March, economists forecast it will be extended in December amid weak growth and an inflation level still closer to zero than the ECB’s goal. European Economist at Goldman Sachs Dirk Schumacher discusses with Caroline Hyde on "Bloomberg Surveillance."