International Monetary Fund with their review of Germany 9 May 2016
- housing bubble concern seems premature
- current account surplus projected to stay near record levels this year.
- urges Germany to remove bottlenecks to public investment
- German banks need to adjust to prolonged low rates
- some German lenders remain highly leveraged
IMF being understandably cautious.
Meanwhile EURUSD trawls around session lows as USD demand prevails. EURCHF still finding supply but other euro pairs enjoying dip demand again.
