BAFIN survey shows continued low rates produce major profit decline in German banks profit

Latest survey from the federal banking supervisors

• BUBA's Dombret says the survey of 1500 smaller banks is "worrying" for constant or falling rates
• low rates cut smaller bank profit by 25%

Euro unfazed by the news

EURUSD now breaching 1.1450 but other euro pairs failing to follow in what is a general USD sell-off