ECB’s de Cos: There is urgent need to improve functioning of the fiscal policy framework in Europe

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ECB Governing Council member Paolo Hernandez de Cos recently crossed the wires, courtesy Reuters, noting that there is urgent need to improve the functioning of the fiscal policy framework in Europe.

He added that Euro area capital markets union needs to deepen.

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EUR/USD remains trapped in a tight range around 1.1080 region, awaiting the FOMC decision for the next move.

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