Mon, 21 Sep 2020 09:06:09 GMT
Germany Beats Down EUR/USD
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.