EUR/USD down at 1.3565 from around 1.3590 in blink of an eye.

Sometimes it’s just better to say nothing. Or maybe it’s a masterplan to weaken the euro to help the struggling periphery countries. I think I’m saying that tongue in cheek, let me just check.

If you like your markets choppy you’ll be having a whale of a time today.

  • Germany not swimming in money, but rather still drowning in debt even though the fiscal situation has improved slightly this year due to strong growth
  • Germany will continue consolidation measures despite a slightly improved budget deficit situation