German chancellor in Berlin explaining the trade surplus 22 May

  • weak euro is due to ECB mon pol
  • euro is "too weak", makes German products cheaper
  • low oil price also a factor for German trade surplus
  • we can invest more in Germany even if domestic demand is already the driving force

Not the weak euro then Angie ?

  • Germany must help Macron so he is successful

Hurrah for peace and love.

Meanwhile EURUSD back above 1.1200 as the robots grab hold of the "too weak" quote. EURGBP 0.8623 also on session highs. EURJPY ditto at 124.93

Merkel points the finger at the ECB