Contrasting monetary policy divergence was back on the forefront last week as Fed members showed a strong consensus for hiking rates in December, while ECB Chief Mario Draghi signaled that the Bank was considering expanding its QE. EURUSD touched a 27-week low at 1.0674 last week as the markets turned bearish on the Euro, pricing in the possibility of further QE expansion in December, while at the same time expecting a 25 point rate hike from the Federal Reserve. Economic data from the Eurozone included subdued GDP growth with combined flash GDP estimates rising 0.30% and falling below estimates of 0.40%. Eurozone industrial production fell -0.30% for the second consecutive month, down from -0.40% previously. Last week also saw unemployment data being released for Australia and the UK. The Australian jobs report was strong as the economy added 58.6k new jobs, pulling the unemployment rate lower to 5.90% from 6.20% in the previous report. The strong jobs data sent the Aussie dollar up across the board. From the UK, the ILO labour market data saw the unemployment rate fall to 5.30% from 5.40% and the average hourly earnings gained 3.00%, unchanged from a month ago. The strong jobs data from the UK helped the Pound to recover some of the losses from last week.