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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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