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Following his meeting with the German Chancellor Angela Merkel at G7, the US President Trump came out on the wires, noting the following.

G7 summit has been productive.

Discussed a trade deal with the EU.

EU is as tough as China on trade.

The US has lost a lot of money over the years from the EU.

Hopes he doesn’t have to consider tariffs on German cars.

Trump’s comments appear to be ignored by markets, as the risk-recovery continues to strengthen in the European trading amid a broad US dollar upsurge, with USD/JPY flirting with 106.00 while EUR/USD remains in lows ahead of the 1.11 handle.