• USD is up because US economy growing faster than Eurozone
  • Fed has no exchange rate target as far as I know
  • Eurozone recovery is weak and fragile
  • France must get deficits under control
  • S&P outlook change is warning for France

ECB’s Noyer quoted from interview with Le Figaro ands expressing/repeating the usual concerns

Noyer speaking to Le Figaro his EURUSD position back a little lower

Noyer speaking to Le Figaro