ECB's Visco: Chances of risk of deflation more than halved compared to March

Chances of a risk of deflation have "more than halved" compared to March, European Central Bank (ECB) Governing Council member Ignazio Visco argued on Tuesday, as reported by Reuters.

Visco further noted that he expects to see an increase in non-performing loans but added that the current estimates are exaggerated.

Market reaction

These comments don't seem to be having a significant impact on the shared currency's performance against its rivals. As of writing, the EUR/USD pair was up 0.04% on a daily basis at 1.1785.

Oct 6, 2020

US: Job openings was little changed at 6.5 million in August

The number of job openings in the US declined from 6.7 million in July to 6.5 million in August, the US Bureau of Labor Statistics reported in its lat

AUD/USD Price Analysis: Bounces off lows, still in the red below 100-hour SMA

The AUD/USD pair faced rejection near the 61.8% Fibonacci level of 0.7346-0.7005 recent fall, forming a classic bearish double-top pattern near the 0.