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Emerging and financial markets are risk to the outlook

Friday, Sep 18 2015
ECB member Beniot Coeure speaking in Paris on Friday sqid that outlook for global growth has clearly weakened and that financial market volatility affects FX rate, though ECB doesn't have a FX target. FX rate affect prices and inflation developments and Euro appreciated fairly significantly in recent weeks.
 
Inflation expectations have stabilised, but whatever happens, inflation will only rise very slowly in the Eurozone. Eurozone economic activity should continue to improve but less than previously thought, Recovery has not been derailed by turbulence in recent month. Potential growth in Eurozone is not high enough, Couere concluded.
 
Euro is currently being traded around 1.1420 level. Pair is likely to find support around 1.1380 level and resistance above 1.1480 area. There will be no major data releases in the rest of the session.
 
 
More in this category: « Eurozone current account recorded a surplus of €22.6 billion Sterling higher still supported by dovish Fed »

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