German finance ministry spokesman out on the wires 8 May

  • no time should be lost in supporting France to implement economic reforms and strengthen role in Europe

Concerns about an ineffective French president perhaps ? French parliamentary elections on 11 and 18 June and Macron will be hoping his party can get some kind of foot-hold

Either way some dip-demand being noted for the moment after decent retreat.

EURUSD 1.0943 EURGBP 0.8443 EURJPY 123.08

  • German govt continues to oppose introduction of joint Eurobonds

Meanwhile outgoing president Hollande says the handover to Macron will be on 14 May