Who's in Charge? Draghi and Yellen Facing December Decisions

• • Euro exchange-rate key in central bank `currency tennis'
  • Year end may bring new era of divergence in monetary stances
  • Janet Yellen and Mario Draghi will end the year shaping each other’s decision making.

    That’s what some economists are saying a day after European Central Bank President Draghi all-but committed to fresh stimulus for the euro-area in December. The same month was already a focal point for investors debating whether Federal Reserve Chair Yellen would raise the U.S. benchmark for the first time since 2006.  Read more