Under the grand coalition agreement, some compromise will obviously have to take place for things to work,

We will get a test of the $1.10 low.

The message from officials is that the impact from Katrina will be limited.

We know that, for an agreement, we have to compromise and pay a price. I hope the other side will also recognize this fact.

Failure to meet market expectations here will reinforce the market perception that the peak in US rates is clear, putting the dollar under renewed pressure.

The plea agreement is a very good compromise.