Asked about the comments from Trump's administration about Germany
US Treasury document says Germany is not manipulation FX
ECB hasn't intervened in FX since 2011
2011 intervention was a concerted G7 effort
We are not currency manipulators
Last week, Trump's trade advisor said that Germany was using a grossly undervalued euro to exploit the US. In following comments, Germany's Schaeuble blamed the ECB for the low level of the euro.
