ECB Knot: Next rate move likely between 50 and 75 bps

Reuters reported that the European Central Bank (ECB) could hike its interest rates by 75 basis points again at its next policy meeting in December, ECB governing council member Klaas Knot said on Sunday.

'We will take a significant interest step again in December,' Knot said in an interview with Dutch TV programme Buitenhof, adding that is was likely that the next raise would be between 50 and 75 basis points.''

For the open, the prices are indicating US dollar strength, however, EUR/USD is hovering above a void of liquidity towards 0.9870, but if the bulls can hang on above 0.9950 for the start of the week, there will be prospects of a move above 1.0000 with 1.0050 eyed.

EUR/USD H1 chart

• EUR/USD Price Analysis: The bulls are in play for the open, but bears ready to pounce