OECD: Eurozone remains a source of risk

FXstreet.com (Barcelona) - The OECD's chief economist Pier Carlo Padoan said today at a press conference in Lisbon that the Eurozone continues to be "a considerable source of risk" for the global economy. He projected that the area would return to positive growth only in 2014, even though many EU countries were already experiencing a recovery.

Padoan urged EU governments to make the fight against unemployment their top priority in 2014. He also said that the global economy was gradually coming out of recession, but that it was still far from sustainable growth.

USD/CAD off lows after Canadian retail sales

The USD/CAD moved off lows but remained capped by the 1.0300 level after data showed Canadian retail sales grew in line with expectations in July.
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US Redbook index (MoM) declines to -0.4% in September 15

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