The euro came under pressure into the ECB announcement, guided lower by weak Eurozone data. EUR-USD's low has been 1.0551, which matched yesterday's seven-month nadir. Final Eurozone PMI, to 54.2 from 54.6, was a selling cur for the market, which, following yesterday's sub-forecast inflation data. Eurozone retail sales also unexpectedly dipped by -0.1% in October, and today's ECB-dove friendly data follows yesterday's cooler than expected inflation figures.
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