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Euro gains as EU leaders discuss recovery fund

10:01 AM 17 July 2020

Euro is one of the best performing G10 currencies on Friday with EURUSD climbing back above 1.14 handle. Discussions over the final shape of European post-Covid recovery fund are starting today and EU leaders are expected to negotiate for at least two days. However, the fact that the final decision on a €750 billion stimulus package needs unanimous support from 27 European countries creates a high risk of failure. 

EURUSD climbs back above 1.14 as EU leaders try to reach consensus on post-Covid recovery fund. Source: xStation5

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