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German growth path intact despite China risk – Bundesbank

FXStreet (Mumbai) - The Bundesbank through its September bulletin said the German growth is expected to continue in the second half of the year on rising domestic consumption and growing exports.

Key Points

Economy further benefited from dwindling oil and energy prices

German economy to expand by 1.7% in 2015 while Berlin predicts that domestic demand and foreign trade will drive a 1.8% expansion this year

The current influx of refugees is estimated to effect Germany's labour market

Wages have increased significantly due to the rise in employment, lower fuel costs have helped to raise household expenditure

EUR/USD downside gathering steam, near 1.1270

The selling pressure around EUR is picking up further pace on Monday, now sending EUR/USD to test fresh lows in the boundaries of 1.1270...
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USD/CHF keeps the positive bias – Commerzbank

Following the recent strong rebound, the pair could be on its way to recover the 0.9701 level and probably 0.9903, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank...
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