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The German government’s supplementary budget to counter the negative impact of the coronavirus outbreak on the economy will have a value of around €150 billion, Reuters reported on Friday, citing a government source familiar with talks.

Market reaction

Germany’s DAX 30 Index inched slightly higher on this headline and was last seen adding 4.8% on the day at 9,020 points. In the meantime, the EUR/USD pair clings to its daily gains near the 1.0740 mark, where it was up 0.5%.