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Willing and able to act if warranted – ECB’s Draghi

FXStreet (Mumbai) - The European Central Bank (ECB) President, in his opening comments at the press conference, said the governing council is willing and ready to act if required to achieve its mandate.

Draghi said the degree of monetary policy accommodation must be reassessed at the December meeting. He reiterated that QE program is sufficiently flexible and added that the risks to the outlook are on the downside due to the slowdown in the EMs.

USD/JPY spikes 20 pips on US jobs

USD/JPY has spiked 20 pips on the back of the initial jobless claims (IJC) for Oct 16 and continuing jobless claims (CJC) Oct 9. The data came in beating expectations with IJC 259k vs 265k expected and CJC 2.17m vs 2.188m expected.
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USD/CAD keeps 1.31 on data

The Canadian dollar is regaining some ground following the release of US and CAD data, with USD/CAD returning to the 1.3110/15 area...
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