Germany to expand coronavirus relief programmes to help mid-sized companies – Reuters

Eren Sengezer FXStreet

The German government is planning to expand its coronavirus relief programmes to help mid-sized companies, Reuters reported on Tuesday, citing sources with direct knowledge of the matter.

The German coronavirus fund has been drawing wide interest from companies, sources further noted, as per Reuters.

Market reaction

The shared currency's reaction to these comments was muted. As of writing, the EUR/USD pair was trading at 1.0970, erasing 0.68% on a daily basis and the EUR/GBP pair was down 0.48% at 0.8853.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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