Forexlive Americas FX news wrap: ECB cuts rates, US retail sales beat estimates ...Middle East

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Forexlive Americas FX news wrap: ECB cuts rates, US retail sales beat estimates
ECB cuts key rates by 25 bps in October monetary policy decision, as expectedLagarde opening statement: Economic activity has been somewhat weaker than expectedLagarde Q&A: All the data is headed in the same directionECB sources: Policymakers expect to cut in December unless data shows marked turnaroundUS September retail sales control group +0.7% vs +0.3% expectedUS initial jobless claims 241K vs 260K estimateUS September Industrial production -0.3% versus -0.2% expectedOctober Philly Fed manufacturing index +10.3 vs +3.0 expectedUS October NAHB home builder sentiment 43 vs 42 expectedAtlanta Fed Q3 GDPNow 3.4% vs 3.2% priorCanada's Trudeau to shuffle cabinet as he fends off party revoltEIA

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