The US dollar is firmer to start the week against most of the major currencies. The Eurozone reported less deflation than expected, and Germany and Italy reported better manufacturing PMIs. This helped the euro recover from the initial slide in Asia that had taken it down to $1.1160.
The differences between Eurozone members tend to be a key focus for investors and policy makers. There is another fissure which is typically is under-appreciated. It is within Germany itself and not discussed in polite company. It is the divide between German workers and the economic elite.