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Germany’s Altmaier: We cannot allow coronavirus to infect economic upturn

In an interview with ARD public broadcaster on Monday, the German Economy Minister Peter Altmaier said Germany must not allow the coronavirus outbreak to infect its economic growth.

When asked about the economic stimulus proposals by Finance Minister Olaf Scholz, he suggested tax incentives and enhanced write-down measures for companies.

  • French FinMin Le Maire: Coronavirus economic impact will be much bigger than the 0.1% forecast initially

EUR/USD keeps gains around 1.1050

Amid a potential coordinated global policy action, the dollar remains in the dumps, offering support to the EUR/USD pair, as it looks to regain the 1.1100 mark in the near-term.

However, the risk recovery is likely to keep the bulls yearning for more ahead of the Euro area PMI reports.

AUD/USD clings to modest recovery gains, comfortably above 0.6500 mark

The AUSD/USD pair held on its intraday recovery gains, albeit lacked any strong follow-through and struggled to build on the momentum beyond mid-0.650
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ECB's Villeroy: Longer the coronavirus impacts the supply-side of the economy the more it will hurt the demand side

The European Central Bank (ECB) Governing Council member, Francois Villeroy de Galhau, offers his thoughts on the negative economic impact of the coro
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