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German FinMin Says No European Deflation Signs

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German Finance Minister Wolfgang Schaeuble said on Monday he sees no signs at all of a deflation spiral in Europe and ECB President Mario Draghi had made a convincing case at the recent IMF meeting that Europe’s low inflation held no deflation risk.

In an interview with Germany’s Deutschlandfunk radio he added, “of course the exchange rate is strong and if it were to continue to rise then it could negatively impact economic development in Europe, which has improved but needs to improve further. If European goods become too expensive and imports too cheap then that is not good.”

Schaeuble added the Ukraine crisis was the biggest geo-political risk facing the world economy.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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