Note

EU’s Michel to present long-term EU budget negotiating box to govts in second half of next week – Politico

· Views 1,064

Citing sources with the knowledge of the matter, Politico reports that the European Council President Charles Michel is expected to present the long-term European Union (EU) budget negotiating box to governments ‘in the second half of next week’.

On Monday, German Chancellor Angela Merkel said that she hoped the EU member states will overcome their differences on a multi-year budget of more than EUR1 trillion ($1.12 trillion) as well as a recovery fund at a summit of leaders later this month.

Market reaction

EUR/USD trades better bid above 1.1250, benefiting from broad US dollar weakness amid pre-NFP caution trading.

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.