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13 Aug 2020

French FinMin Le Maire: We will further accelerate our economic recovery plan from August 25 onwards

French Finance Minister Bruno Le Maire was on the wires in the last minutes, via Reuters, making some comments on the economy, relief aid and the US tariffs.

Key quotes

“Important that economic recovery plan allows companies to make investments. “

“Confirms 3 bln euros aid plan to help French small-to-medium-sized enterprises.”

“Reiterates the need to negotiate a solution with the US in subsidy row.”

“Cannot allow positive signs in French economy to be hit by re-emergence of COVID.”

“EU must be prepared to riposte if needs be in the US subsidy row.”

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Aug 13, 2020

NZD/USD Price Analysis: Flirts with session lows near 0.6565 area, remains vulnerable

The NZD/USD pair failed to capitalize on the previous day's goodish intraday bounce from near one-month lows and faced rejection near the 0.6600 mark
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