German Fin Min Steinbrueck says that German GDP was within the government’s range of expectations. The main focus of the G7 meeting will be protectionism and an exit strategy, presumably from all the stimulus necessary to prop the economy.

Those would be good areas to focus on, hopefully they stick to the script.

EUR/USD is consolidating in the low 1.2830s. Looks like China is going to get to wring the register on their 1.27/1.37 DNTS. Let’s hope he doesn’t use his profit to roll them over…