Flash: EUR/USD remains overly expensive - Societe Generale

FXstreet.com (Barcelona) - According to Sebastien Galy, FX Strategist at Societe Generale, EUR/USD remains overly expensive due to it's internal imbalances and social tensions are an indication of this.

Galy adds: "The picture from Germany was a familiar one on disappointing internal demand and strong exports, e.g. no sign of any rapid rebalancing within Europe between the core and periphery."