OctaFX | OctaFX Forex Broker
Open trading account

German FinMin urges EU countries to continue implementing structural reforms

FXstreet.com (Barcelona) - German Finance Minister Wolfgang Schaeuble said today that it is crucial for the Eurozone countries to continue with their budget consolidation efforts. His comments follow European Commission President José Manuel Barroso’s assertion on Monday that the EU austerity has “reached its limits”.

Wolfgang Schaeuble assured that he is not opposed to boosting growth and emphasized that elevated youth unemployment poses a serious problem for the EU. He also added that Europe needs stability and sustainable growth.

The German Finance Minister affirmed that European governments should bring down their budget deficits and sent a signal to France saying that the country should continue implementing structural reforms in order to attain the necessary flexibility.

Forex: GBP/CHF rallies to 1.4575 on UK GDP Q1

Having peaked at 1.4499 during the Asian session, the cross erased its gains ahead of hard data in the UK. The publication of a surprisingly higher UK GDP Q1 than expected made the GBP/CHF rally to 1.4575 high in a matter of few minutes.
Read more Previous

Forex: USD/CAD tumbles to session lows at 1.0221/26

The USD/CAD took a nasty spill off the 1.0243 handle earlier today, falling 20 pips during European trading to settle near session lows at 1.0221/26 in these moments. At this point, the cross is firmly entrenched in negative territory, down -0.27%.
Read more Next
Start livechat