German fiscal stimulus may become a growth driver for EUR/USD
Markets are gradually stabilizing after the shocks, associated with the meetings of the ECB and the Fed, with the publication of the US jobs report, with a fresh US tariff on the Chinese imports, with the USD/CNY surge above the psychologically important level of 7, and finally, with the labeling China a currency manipulator by the US administration. Investors study the information, pay attention to the opinions of experts, who unanimously suggest a further cutting of the federal funds rate.
Economists polled by Wall Street Journal increased the probability of…
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