European business lobby: Euro has reached our pain threshold

BussinessEurope says it is deeply concerned about exchange rate developments and that Euro strength has reached the pain threshold for euro zone industry.

Also crossing the wires, are comments from the Finnish finance minister, saying markets should focus on China’s currency and economy.

EUR/USD is seeing some modest retrenchment, now at 1.4996. Support is down at 1.4915/20.