Euro exchange rate "too weak" for Germany: German FinMin Schaeuble

Haresh Menghani FXStreet

Speaking on the sideline of Eurogroup meeting in Brussels, German Finance Minister, Wolfgang Schaeuble, was noted saying that the Euro exchange rate is too weak for Germany.

Key headlines:

• He can't accept criticism of German trade surplus from IMF and EC
• Italy is still a cause for some concern
• The structure of EU monetary union is still very fragile
• All euro member states must help boost competitiveness

Meanwhile, the EUR/USD pair trimmed some of its daily gains but has been treading water above 1.0600 handle.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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