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Mon, 21 Sep 2020 09:06:09 GMT
Source: Dukascopy Bank SA
On Monday, September 21, the EUR/USD dropped by 76 base points or 0.64%. The drop was caused by the announcement of the German government that the debt of the country would reach 80% of GDP by the end of the coronavirus crisis that is expected in 2021.
Such debt levels have not been experienced since the previous financial crash.
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