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Risk to growth remain on the downside – ECB’s Draghi

FXStreet (Mumbai) - The European Central Bank (ECB) President Draghi was on the wires today, reiterating that risks to the Eurozone outlook remain on the downside.

Of late policymakers in advanced economies have taken turns in stating that EMs pose renewed risks. Draghi too reiterated the same today.

Key Quotes

Can adjust QE size, composition, and duration

Inflation is seen rising toward the year end on base effects

Countries with high debt must be alert to rate rises

IMF gave more bearish assessment of the risks surrounding China – Rabobank

Jane Foley, Research Analyst at Rabobank, notes that the comments from IMF Chief Lagarde yesterday that the news from China was “not all doom and gloom” and that growth in the country had “decelerated a bit” should be good news for the countries that count China as a key export partner.
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USDCAD: Business outlook survey and employment report in focus - TDS

Research Team at TDS, suggest that the employment report for September is likely to show a gain of 20k jobs (market: +10k) while the business outlook survey will be the more important data set to watch.
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