Euro rallies as Merkel says the currency is "too weak"

[Nighthawk]

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
  
  http://news.forexlive.com/!/merkel-blames-the-ecb-for-weak-euro-20170522
  
  

 

[patrickrooney]

The euro has been a beast.

 

[Martinghoul]

Apparently, she didn't actually say that...

 

[doggyfx]

ECB will hike he need to shrink margin with the FED, also oil prices set to rise, EU economy really picks up and Draghi can't make light of that anymore. Euro shorts has been also cleared according to CFTC, Dollar would need a powerful spur from Trump or Fed that can overshadow optimism on euro. Set 10 lots pos. by CFDs from Hotforex from 1.1050, target of 1.1450 looks reasonable for me