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In an interview with France Inter radio on Thursday, the country’s Finance Minister Bruno Le Maire sounded upbeat on the economy, as he reaffirmed the 5% growth target for this year.

Further comments

“Economic indicators are very well orientated. “

“Economic activity restarting very quickly. “

“The crisis is behind us but we must remain cautious. “

“Suggests delaying summer sales by a week to June 30.”

Market reaction

Despite the upbeat remarks, EUR/USD keeps its range below 1.2200, having made failed attempts to recapture that level earlier on.

The US dollar is catching a fresh bid ahead of the European open, as taper talks continue to underpin.