“There are no signs of the German economy entering a recession, we stick to the 2020 GDP growth forecast of 1.1% for the German economy despite coronavirus risks,” German Finance Minister Olaf Scholz told Reuters in an interview on Wednesday. “I expect G20 financial leaders at Riyadh meeting to make progress on global minimum taxation for companies, new tax rules for tech giants,” Scholz added. When asked about the G20 action plan to shield the world economy from coronavirus impact, “we have to be ready to act when necessary, but for now, we are still monitoring developments,” Scholz responded. EUR/USD reaction The EUR/USD pair largely ignored these comments and was last seen trading at 1.0780, where it was virtually unchanged on a daily basis. 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 Fed’s Kashkari: Unlikely we would be immune to a coronavirus-related slowdown FX Street 2 years "There are no signs of the German economy entering a recession, we stick to the 2020 GDP growth forecast of 1.1% for the German economy despite coronavirus risks," German Finance Minister Olaf Scholz told Reuters in an interview on Wednesday. "I expect G20 financial leaders at Riyadh meeting to make progress on global minimum taxation for companies, new tax rules for tech giants," Scholz added. When asked about the G20 action plan to shield the world economy from coronavirus impact, "we have to be ready to act when necessary, but for now, we are still monitoring developments," Scholz responded. EUR/USD reaction The EUR/USD pair… 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.
