ECB’s Weidmann sees no second round effects in Germany

FXStreet (Mumbai) - ECB Governing Council member and President of the Deutsche Bundesbank, Jens Weidmann, is now on wires speaking at the WEF, in Davos.

Key Quotes:

Must not blur boarders btw monetary, fiscal policy

See no second round effects in Germany

Jan 22, 2016

Germany's manufacturing PMI dropped to 52.1, services PMI came in at 55.4

Germany’s Manufacturing PMI came in at 52.1 in January as against 53.2 recorded in December. Manufacturing PMI is at a 3-month low. Services PMI dropped as well, falling to 55.4, down from December’s 56.0. Composite PMI in January stood at 54.5, lower than 55.5 seen in December.

EUR/CHF trims losses to 1.0940

The single currency keeps the defensive stance vs. the Swiss franc, with EUR/CHF now testing the 1.0940/45 band after bottoming out near 1.0920...