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Forex News

Want to loosen anti-trust laws to allow greater cooperation of retail businesses

In an interview with Der Spiegel, a German weekly magazine, Economy Minister Altmaier said that he wants to loosen anti-trust laws to allow greater cooperation of retail businesses in a fight against the coronavirus pandemic.

His comments come as the German government contemplates a €40 billion aid package to help self-employed and very small businesses, Reuters reported on Thursday, citing a government source familiar with talks.

EUR/USD reaction

EUR/USD keeps its recovery mode intact around 1.0750 on the above comments, having hit the lowest levels since April 2017 at 1.0653 late Thursday amid broad USD surge.

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