Breaking: EU leaders reach deal on post-pandemic recovery package for economy
|Citing an unnamed official, Reuters reports that the European Union (EU) leaders reach a deal on the EUR750 billion Recovery Fund after five-days of intensive negotiations.
Meanwhile, the European Council President Charles Michel tweeted out: "Deal!"
The official statement is eyed, as markets eagerly await the details of the agreement.
EUR/USD: 15-minutes chart
Market reaction
EUR/USD slipped over 15-pips from four-month highs of 1.1469 in a knee-jerk reaction to the above announcement, as markets resort to "sell the fact" trading.
The spot now trades at 1.1452, still up 0.08% on the day.
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