EU's von der Leyen to hold talks on recovery package on July 8
|Reuters is out with the latest headlines, citing that the European Commission President Ursula von der Leyen will hold talks on the European Union (EU) recovery fund on July 8.
Nothing further is reported on the same but the headlines come ahead of the EU leaders’ summit on the long-term budget and recovery package scheduled on July 17 and 18.
Earlier today, Economic Commissioner Paolo Gentiloni urged the hardest-hit states to use EU funds strategically.
Market reaction
The shared currency is seeing a bit of a lift on the above headlines, as EUR/USD climbs back on the 1.13 handle.
Most of the upside in the spot is mainly driven by broad-based US dollar weakness, as markets resort to re-positioning ahead of the key US NFP release.
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