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IMF's Thomsen: Germany needs to increase spending in coming years

Poul Mathias Thomsen, the director of the International Monetary Fund's European Department, recently crossed the wires arguing that Germany needed to increase spending in the coming years and added that he was expecting wage growth in Germany and other EU nations to continue.

"German fiscal relaxation in 2019 is good, but more is needed," Thomsen said.

US Dollar Index tumbles to 2-week lows near 96.70

The greenback continues to suffer the better tone surrounding the riskier assets and is now dropping to fresh 2-week lows in the 96.75/70 band, when g
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AUD/USD Technical Analysis: Bulls challenging 4-month old descending trend-line/200-DMA confluence hurdle

• After yesterday's sharp pullback, the pair caught some aggressive bids on Friday and rallied to fresh multi-week tops to challenge over four-month-
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