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Germany Comments Weigh on EUR

EURO
MNI (London)

Germany comments that 'delay in EU recovery funds increasingly likely' (BBG), along with Merkey stating that the COVID-19 situation in Berlin is serious, have acted to place negative weight on the EUR. EUR/USD seen extending its corrective pullback from earlier pre fix highs of $1.1744 to $1.1717 at writing. Expect support around $1.1700 through to $1.1690.

MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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