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      ECB to stay accommodative through risks – ECB’s Draghi

      FXStreet (Mumbai) - The European central Bank chief Mario Draghi, while addressing questions in the EU parliament, stated that the monetary policy would stay accommodative through transitory/permanent risks to the EU economy.

      Key Quotes

      Premature to say if risks are permanent or transitory

      Structural reforms are still needed

      We can't transform a cyclical recovery into a structural one

      United States Markit Manufacturing PMI meets expectations (53) in September

      United States Markit Manufacturing PMI meets expectations (53) in September
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      EUR/USD rebounds to 1.1180

      After an ephemeral visit to the 1.1120 area, EUR/USD is now back on track to recover the upper bound of the daily range in the 1.1170/80 band...
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