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Germany considering stimulus program in case economy is hit hard by coronavirus – Handelsblatt

The German government is considering the option of introducing a stimulus programme in case the economy is hit hard by coronavirus epidemic, Reuters reported on Thursday, citing German news outlet Handelsblatt. 

On a similar note, German newspaper Die Zeit on Tuesday said German Finance Minister Olaf Scholz was planning to suspend the debt brake temporarily to give relief to local governments.

EUR/USD reaction

The shared currency continues to outperform its rivals after this headline. As of writing, the EUR/USD pair was up 0.68% on the day at 1.0953.

When is the US GDP report and how could it affect EUR/USD?

Thursday's US economic docket highlights the release of Preliminary (revised) US Q4 GDP growth figures, scheduled to be published at 13:30 GMT. The se
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EUR/GBP advances to 3-week highs beyond 0.8500

The renewed selling bias hitting the quid is helping EUR/GBP to regain the 0.8500 mark and above, clinching at the same time fresh multi-week highs. E
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