Germany's Bundesbank: Economic growth to remain weak in first quarter of 2020
|The economic growth in Germany is expected to remain weak in the first quarter of 2020 amid the coronavirus outbreak and sluggish exports, Germany's Bundesbank said in its monthly report on Monday, as reported by Reuters.
"For the first quarter of 2020, there are no signs of a fundamental change in Germany's economy," the publication read. "With the appearance of the coronavirus in China at the beginning of 2020, a new layer of risk was added."
EUR/USD stays in daily range
The EUR/USD pair largely ignored these remarks and continues to trade in a very tight range below the 1.0850 mark on Monday.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.