The EUR750 billion recovery fund proposal presented by the Commission would illustrate a strong commitment to keep the Euro-area and the EU together and support EUR assets, according to Nordea. Don’t miss our last EUR/USD update Key quotes “The European Commission proposed today a EUR750 billion package to support the recovery from the corona crisis, of which EUR500 billion would take the form of grants and EUR250 billion in loans.” “Today’s proposal, if implemented, should decrease the risks regarding the future of the Euro-area. It is clearly beneficial for Italian bonds, but is negative for German bonds both via a higher credit risk component and via an improved economic outlook.” “Given the number of open questions and the difficult negotiations ahead, there will most likely be market volatility ahead, as the market reassesses the prospects of a compromise.” “Assuming an eventual compromise is found, without watering down today’s elements too much, it should support the euro and EUR assets in general in the medium-term.” 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 AUD/USD plummets to session lows, further below 0.6600 mark FX Street 3 years The EUR750 billion recovery fund proposal presented by the Commission would illustrate a strong commitment to keep the Euro-area and the EU together and support EUR assets, according to Nordea. Don't miss our last EUR/USD update Key quotes “The European Commission proposed today a EUR750 billion package to support the recovery from the corona crisis, of which EUR500 billion would take the form of grants and EUR250 billion in loans.” “Today’s proposal, if implemented, should decrease the risks regarding the future of the Euro-area. It is clearly beneficial for Italian bonds, but is negative for German bonds both via a… 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.
