Is economy likely to contract 1% in Q4 2020according to the latest report released by the German economic institute DIW on Monday.
Featured Comments:
“The economy will contract further in the first quarter of 2021“.
“The second hard lockdown in Germany will affect economic production in the winter.”
“Only if the situation stabilizes, the economy will return to the recovery path in February.”
Market reaction
He EUR/USD the tone offered below 1.2200 remains intact, as the US dollar continues to have strong demand amid the new liquidation of world markets induced by the tension caused by the covid.
The cross was last traded at 1.2187, shedding 0.54% on the day.
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