• forecasts will be reduced next week to 1.25% from 1.8% and 2.0% respectively

More dismal news out of Germany

  • econ ministry says outlook for exports remains “very restrained” in coming months
  • robust jobs market, rising incomes and stable prices mean private consumption will remain a positive factor

Reuters reporting. EURUSD 1.2683 after finding a few buyers into 1.2670