The economic recovery in Germany initially appeared V-shaped but is now becoming flatter, Jens Weidmann, European Central Bank (ECB) Governing Council member and Bundesbank President, said on Monday, as reported by Reuters. Additional takeaways “Fiscal policymakers have taken the right course of action in Germany and elsewhere.” “Providing banks with ample liquidity, coupled with low interest rates, is crucial to ensuring that the economic crisis is not further aggravated by the financial system.” “Economic activity has passed through the trough. The upward path to the previous level is still long and fraught with uncertainties.” Market reaction The EUR/USD pair continues to push higher and was last seen gaining 0.43% on the day at 1.1766. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WH Chief of Staff Meadows: There is potential for a COVID-19 aid deal FX Street 2 years The economic recovery in Germany initially appeared V-shaped but is now becoming flatter, Jens Weidmann, European Central Bank (ECB) Governing Council member and Bundesbank President, said on Monday, as reported by Reuters. Additional takeaways "Fiscal policymakers have taken the right course of action in Germany and elsewhere." "Providing banks with ample liquidity, coupled with low interest rates, is crucial to ensuring that the economic crisis is not further aggravated by the financial system." "Economic activity has passed through the trough. The upward path to the previous level is still long and fraught with uncertainties." Market reaction The EUR/USD pair continues to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
