The Resilience of the Euro to the Weak Data

Jens Novi is at least professionally speaking born and raised in foreign exchange. Both Jens and I have sort of ventured into cross-asset strategy instead of just being FX strategists. And we've had a lot of questions from our clients in the list week on the resilience of the euro. So, I guess we should invite Jens on to the floor here and get his take on the current situation within the euro zone.