So says the German economic ministry following the strong Q1 GDP data earlier

  • economy had a good start to the year but growth expected to slow in Q2
  • global economic indicators point to only a slow recovery

Reality-check time and the euro remains on the back foot.

EURUSD has now posted new session lows of 1.1338 but EURJPY finding a bit of support into 123.00. EURGBP 0.7873 as GBPUSD tests 1.4400 again.

US dollar index posts 2 week highs of 94.37