Speaking on the sideline of Eurogroup meeting in Brussels, German Finance Minister, Wolfgang Schaeuble, was noted saying that the Euro exchange rate is too weak for Germany.
• He can't accept criticism of German trade surplus from IMF and EC
• Italy is still a cause for some concern
• The structure of EU monetary union is still very fragile
• All euro member states must help boost competitiveness
Meanwhile, the EUR/USD pair trimmed some of its daily gains but has been treading water above 1.0600 handle.