Eurozone producer prices rose 11.1% from a year earlier in September, and European Central Bank (ECB) President Lagarde said the data between now and December will decide a hike. The Euro has fallen anyway, against a Dollar that has recovered part of Wednesday's drop. EUR/USD reached just short of 1.1300 on Wednesday, its highest since early October, and is trading just above 1.1200. Eurozone inflation reached 4% in October, a three-year high, which ECB President Lagarde said in Milan is mostly energy. She said the rate tool shouldn't be swung like a hammer, but that the ECB still has to use it to keep expectations from running away.
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