The UK’s FT has an interview with Trump’s trade advisor Peter Nevarro
The Euro is being used like an implicit Deutsche Mark
The euro’s low valuation is giving Germany an advantage over its main partners
Germany is one of the main hurdles to a trade deal with the EU, and talks with the EU over the TTIP are dead
- Brexit killed TTIP on both sides of the Atlantic even before the election of Donald Trump
Although the FT article is titled “Trump’s top trade adviser accuses Germany of currency exploitation”, it’s far from calling Germany an actual “currency manipulator”
Still, it’s another attack on a country from the Trump administration, and one the German’s won’t take kindly too. EURSD has jumped to 1.0763 today after the news.