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Draghi satisfied with the QE – Deutsche Bank

FXStreet (Delhi) – Jim Reid, Research Analyst at Deutsche Bank, notes that speaking early Saturday morning in Peru, ECB President Draghi said that while he is so far satisfied with the ECB’s QE program, he highlighted that it presently appears that it will take somewhat longer than previously anticipated for inflation to come back, and stabilise around, levels sufficiently close to 2%.

Key Quotes

“Commenting on China, Draghi was noted as saying that the Chinese authorities were reassuring on the growth outlook for the economy. Meanwhile, the WSJ is running a story this morning, quoting a number of EM Central Bankers as urging the Fed to get on with raising rates in the hope that the uncertainty and volatility, which has been an overriding theme for emerging markets in particular of late, will dissipate somewhat.”

AUD - Where to enter shorts? - Westpac

Rob Rennie, Research Analyst at Westpac, suggests that the research house is sticking with their current forecast for the Australian dollar to finish the year around USD 0.68 and fall further to USD 0.66 in the first quarter of 2016 but what will it take for the current aggressive rally in the A$ to start to turn around and at what level should we look to hedge or sell the A$?
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Romania Trade Balance fell from previous €-0.64B to €-0.86B in August

Romania Trade Balance fell from previous €-0.64B to €-0.86B in August
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