The economy is likely to contract 1% in the fourth quarter of 2020, according to the latest report published by Germany’s economic institute DIW on Monday. Key quotes “Economy to shrink by even more in Q1 2021.” “Second hard lockdown in Germany will hit economic output in the winter.” “Only if the situation stabilizes will the economy return to recovery path in February.” Market reaction EUR/USD keeps the offered tone intact below 1.2200, as the US dollar remains strongly in demand amid the new covid strain-induced global markets sell-off. The spot was last seen trading at 1.2187, losing 0.54% on the day. 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 GBP/USD dives to over one-week lows, below mid-1.3200s FX Street 2 years The economy is likely to contract 1% in the fourth quarter of 2020, according to the latest report published by Germany’s economic institute DIW on Monday. Key quotes “Economy to shrink by even more in Q1 2021.” “Second hard lockdown in Germany will hit economic output in the winter.” “Only if the situation stabilizes will the economy return to recovery path in February.” Market reaction EUR/USD keeps the offered tone intact below 1.2200, as the US dollar remains strongly in demand amid the new covid strain-induced global markets sell-off. The spot was last seen trading at 1.2187, losing 0.54% on the… 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.
