Euro Slips at Asia Open After EU Talks on Recovery Fund Drag On

(Bloomberg) — The euro opened the week on the backfoot after negotiations over the European Union’s shared debt recovery plan continued to drag on.EU leaders have yet to agree terms on a deal that would offer 700 billion euros ($800 billion) to countries most impacted by the coronavirus, after talks ran into a third day. Though expectations for an agreement over the weekend were fairly low, the delay keeps open the prospect of the plan being watered down.The euro fell as much as 0.2% against the dollar to $1.1408 in early Sydney trade on Monday. The greenback also strengthened against …read more

Source:: Yahoo Finance

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