In remarks cleared for publication on Friday, German Economy Minister Peter Altmaier said that the coronavirus “pandemic has taught us that Europe must stick together and diversify its trade relations,” per Reuters. Additional quotes “The European Union (EU) should become less dependent on Asian suppliers in certain areas such as medical precursors, and develop its own value chains within the 27-member bloc.” “That means that there must be no spanner in the works of the EU’s internal market and that we have to ensure more resilient supply chains, the development of value chains within the EU, and more legal certainty in international trade.” “Anyone who wants to enjoy the advantages of the free market in the European Union must also open the doors to European companies.” Market reaction Altmaier’s comments seem to have little effect on the EUR markets, as EUR/USD holds its recent trading range around 1.1860, having bounced-off a dip to 1.1841. 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 BOJ’s Kuroda: Will continue supporting economy in tandem with new government FX Street 1 year In remarks cleared for publication on Friday, German Economy Minister Peter Altmaier said that the coronavirus “pandemic has taught us that Europe must stick together and diversify its trade relations,” per Reuters. Additional quotes “The European Union (EU) should become less dependent on Asian suppliers in certain areas such as medical precursors, and develop its own value chains within the 27-member bloc.” “That means that there must be no spanner in the works of the EU’s internal market and that we have to ensure more resilient supply chains, the development of value chains within the EU, and more legal certainty… Top 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.
