German FinMin: Coronavirus poses risk for German trade in coming months

Dhwani Mehta FXStreet

On Friday, the German Finance Ministry, in its monthly report, raised concerns over the German trade outlook, in light of weaker global demand and the coronavirus epidemic, per Reuters.

Key quotes:

Weak demand from abroad as a reason for the muted trade outlook.

Possible economic effects of the coronavirus also pose a risk to foreign trade developments in the coming months.

EUR/USD Price Analysis: Bull divergence of RSI seen on 4H chart

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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