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The German government is putting together a €40 billion aid package to help self-employed and very small businesses, Reuters reported on Thursday, citing a government source familiar with talks.

“Ministers have not yet signed off on the package, the volume could be more than €40 billion,” the source told Reuters and added that direct payments to self-employed and businesses with up to 10 employees for three months was being considered.

EUR/USD reaction

The shared currency failed to capitalize on this headline and the EUR/USD pair was last seen trading at 1.0821, down 0.85% on a daily basis.