Some comments by Moody's on the German credit profile and economy
- Germany's credit profile reflects its economic strength, effective policy and robust public finances
- The fact that growth is broad-based and domestically driven provides high resilience to near-term shocks
- German economy most likely unaffected by political uncertainty that has followed from parliamentary elections last year
- Forecast Germany to perform well in near-term
- But very unfavourable demographic trends will significantly slow potential growth in medium-to-long term
More positive spin on the Eurozone side of things from Moody's. Just some general comments, nothing of particular to actually move markets - but shows what sort of sentiment is building up towards the Eurozone, as it has been for quite a while now.
EUR/USD still trading sideways near 1.2250 while EUR/GBP is a little higher at 0.8780 now. Meanwhile, EUR/JPY is at 135.24 near session lows as the yen continues to gain on the day.
