The next EU budget proposed by the European Commission will be worth €1.1 trillion and will include the coronavirus recovery fund, Reuters reported on Wednesday, citing sources familiar with the matter. Sources further told Reuters that the EU Commission will propose that Italy receives €82 billion in grants and €91 billion in loans under the recovery plan. Additionally, Spain will get €77 billion in grants and €63 billion in loans. Market reaction The EUR/USD pair stretched higher on this headline and was last seen gaining 0.32% on a daily basis at 1.1015. 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 Gold: Bull market to be extended – Deutsche Bank FX Street 3 years The next EU budget proposed by the European Commission will be worth €1.1 trillion and will include the coronavirus recovery fund, Reuters reported on Wednesday, citing sources familiar with the matter. Sources further told Reuters that the EU Commission will propose that Italy receives €82 billion in grants and €91 billion in loans under the recovery plan. Additionally, Spain will get €77 billion in grants and €63 billion in loans. Market reaction The EUR/USD pair stretched higher on this headline and was last seen gaining 0.32% on a daily basis at 1.1015. 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.
