Germany is planning to introduce a post-coronavirus economic relief package worth €50 billion, German Finance Minister Olaf Scholz said on Friday, per Reuters citing Der Spiegel magazine. Scholz further noted that they were planning to use the reserve intended for dealing with refugees in the stimulus programme. “The worst possible thing would be to save against the crisis in the middle of a crisis,” Scholz added. “We must do precisely the opposite.” Market reaction These comments failed to help the shared currency recover its losses against the greenback. As of writing, the EUR/USD pair was down 0.6% on the day at 1.0792. 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 Silver Price Analysis: XAG/USD remains bullish, trading near $14.50/oz FX Street 2 years Germany is planning to introduce a post-coronavirus economic relief package worth €50 billion, German Finance Minister Olaf Scholz said on Friday, per Reuters citing Der Spiegel magazine. Scholz further noted that they were planning to use the reserve intended for dealing with refugees in the stimulus programme. "The worst possible thing would be to save against the crisis in the middle of a crisis," Scholz added. "We must do precisely the opposite." Market reaction These comments failed to help the shared currency recover its losses against the greenback. As of writing, the EUR/USD pair was down 0.6% on the day at… 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.
