Commenting on the European Commission’s proposed recovery plan, German Finance Minister Olaf Scholz said that the proposals build on what France and Germany proposed. “This joint initiative succeeded,” Scholz added, as reported by Reuters. “It’s very likely that we will get an agreement on programme.” Earlier in the day, the European Commission announced that the European recovery plan and the next long-term budget will use €1.85 trillion to kick-start the EU economy. Market reaction The EUR/USD pair, which advanced to its highest level since early April at 1.1030 on Wednesday, was last seen trading at 1.1002, gaining 0.2% 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 GBP/JPY Price Analysis: Pound weakens vs. Japanse yen, nearing the 132.00 figure FX Street 3 years Commenting on the European Commission's proposed recovery plan, German Finance Minister Olaf Scholz said that the proposals build on what France and Germany proposed. "This joint initiative succeeded," Scholz added, as reported by Reuters. "It's very likely that we will get an agreement on programme." Earlier in the day, the European Commission announced that the European recovery plan and the next long-term budget will use €1.85 trillion to kick-start the EU economy. Market reaction The EUR/USD pair, which advanced to its highest level since early April at 1.1030 on Wednesday, was last seen trading at 1.1002, gaining 0.2% on a daily basis. 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.
