Spanish Foreign Minister calls for common EU rules on cross-border movement
|Speaking on Cadena Ser radio station, Spanish Foreign Minister Arancha Gonzalez called for European Union (EU) common rules on cross-border mobility, as coronavirus lockdowns are phased out.
Gonzalez said: "We have to work with our European partners to define the common rules that will allow us retake freedom of movement on European territory."
Earlier today, the Deutsche Presse-Agentur GmbH (DPA) reported that the German government wants to end travel warnings for tourists from June 15 for 31 European countries if the coronavirus situation allows.
Market reaction
Since the risk-on market profile extends into the European session, EUR/USD sees a fresh leg higher to 1.0940 levels as the US dollar continues to trend lower across the board.
The shared currency also benefits from Austria's softening of its stance on the EU coronavirus recovery fund.
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.