Hmm, I wonder if he is singling out anyone in particular?
Bundesbank president Weber says that monetary policy in emerging markets with fixed exchange rates is much too loose. This probably applies to several countries, but clearly China is in his cross-hairs. He said earlier that he sees a credit bubble in China and that it will lead to big write downs in the future.
EUR/USD has fallen close to the Thursday lows, down to 1.4826 so far. Small offers are eyed at 1.4850/60 now on rebounds.