Germany not 'exploiting' euro, says S&P

Germany has not exploited the weak euro for its own benefit, according to Standard & Poor’s. The rating agency said accusations by Donald Trump’s top trade adviser that Berlin was using the “grossly undervalued” single currency to gain a competitive advantage over the US and the rest of the EU were “inaccurate”. Peter Navarro, who heads the US President’s new National Trade Council, sparked controversy last week after he described the euro as an &ldq