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ECB's Muller: ECB certainly able to show that policy measures are proportionate

ECB needs to discuss how to offer certainty to the court.

ECB hasn't yet discussed whether to buy junk bonds.

More to come …

USD/CAD on the defensive below mid-1.4000s, downside remains limited

The USD/CAD pair remained depressed through the early European session and was last seen trading near the lower end of its daily trading range, below
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India: The lowest PMI ever – ANZ

In single digits, India’s services and composite PMI surveys were the lowest ever, economists at ANZ Bank recap the data. USD/INR is sitting at 75.765
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