Outlook for global growth clearly weakened - ECB’s Coeure

FXStreet (Mumbai) - The European Central Bank (ECB) member Coeure was on the wires on Friday stating that Outlook for global growth has clearly weakened.

His comments a day after the Federal Reserve surprised markets by its dovish tone and worried outlook regarding the global economy. Coeure added that Emerging and financial markets are risks to the outlook.

Key Quotes

ECB doesn't have a FX target
FX rate affects prices and inflation developments
Euro appreciated fairly significantly in recent weeks
Inflation expectations have stabilised

Meanwhile, Bank of Spain's governor Luis Maria Linde is also out saying that the Fed waiting shows global growth has weakened a little.