Merkel says Germany's trade surplus not due to unfair practices

German chancellor Merkel on the election campaign trail 23 Aug

  • there are good reasons for surplus

Weaker euro for sustained periods being one of them I'd say. Oh hang on, is that an unfair practice? LOL

  • sees no military solution for N Korea
  • believe that this can be avoided

Let's all hope so eh?

  • Germany with EU should do more to resolve N Korea dispute but not necessarily as intermediary

Ok then Angie, do tell us more of how you both plan to help.

Meanwhile in the even more fickle world of forex we have EURUSD still knocking around 1.1800 with large option expiries in playand EURGBP back up to 0.9208, keeping a lid on GBPUSD into 1.2820

USDJPY 109.14 on session lows, AUDUSD broken up through 0.7900 to post

Happy trading one and all

See you back here tomorrow.

"Thanks for keeping the euro down for as long as you have Mario". "My pleasure Angie"

Best in 2026

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