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EUR/USD plunges as “frugal four” threatens Merkel-Macron financing deal
25th May
  • The EUR/USD pair declined after a report showed that German sunk into a recession in Q1.
  • The economy contracted by 2.2% in the first quarter due to weak machinery investment and private consumption
  • The euro also reacted to differences between southern and northern states on post-coronavirus financing

Features & analysis

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