German media reports Seehofer to resign as CSU chair and Interior Minister

Germany - Leader of the Christian Social Union, Merkel coalition partner in government, Horst Seehofer

Wires report Seehofer to quit as Interior Minister and as head of the CSU, Merkel's coalition partner in government. Mutiple German media outlets now with the news.

Meanwhile from Merkel's party, CDU:

  • Will continue to pursue pacts on migrant with EU partners
  • sticking to deal agreed to so far

EUR recovering …

Earlier:

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All eyes are on the world cup soccer matches … but FX is on the move here early in the super-thin liquidity Asia Monday morning (also sometimes referred to on FX desks here locally as Money Morning but you didn't hear that from me, K?)

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