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German EcoMin: Economy is still experiencing a period of weakness

The German Economy Ministry is out with its assessment of the economy after the fourth quarter 2019 GDP showed stagnation.

Key Quotes:

German economy is still experiencing a period of weakness.

Industrial sector remains weak.

But improved business sentiment suggests some stability in the coming months.

Impact of virus outbreak on China and trade partners cannot be estimated currently.

Risks from abroad have increased due to the coronavirus outbreak.

BOE’s Carney sees silver lining after Brexit hit to UK economy

The outgoing Bank of England (BOE) Governor Mark Carney warned over the economic risks of the UK leaving the European Union (EU), in an exclusive inte
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EUR/USD depressed near 1.0830 ahead of EMU data

After bottoming out (and printing fresh 2020 lows) in the 1.0830/25 band, EUR/USD has managed to regain some poise, trim part of the daily losses and
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