fxs_header_sponsor_anchor

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.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.