FXStreet (Delhi) – Brian Martin, Research Analyst at ANZ, suggests that December will be a crucial month for financial markets with the ECB and OPEC meetings next week and the FOMC meeting in mid-December (15-16). Key Quotes “Because of year end, liquidity may also be a key issue for markets. Much has already been priced in regarding upcoming central bank policy meetings and EUR/USD is approaching something of a crossroads as it nears this year’s lows around 1.0450. • Key determinants of EUR/USD’s decline remain in place led by the slide in the oil price and widening 1y/1y swap differential. • Essentially these encapsulate the fragile euro area inflation environment and assumed future policy divergence. • Disappointment surrounding expected central bank policy moves and a supply response from OPEC may be needed to reverse the euro’s drop.” For more information, read our latest forex news.