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ECB’s de Guindos: Euro area economy to shrink between 8% and 12% in 2020

The European Central Bank (ECB) Vice President Luis De Guindos said on Wednesday, the Euro area economy is expected to shrink between 8% and 12% in 2020.

 

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USD/CAD struggles near 2-1/2 month lows, just above mid-1.3700s

The USD/CAD pair traded with a mild negative bias through the early European session, with bears flirting with 2-1/2-month lows, just above mid-1.3700
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EUR/CHF: Awaiting EU Recovery Fund details in the 1.05-1.07 range – Credit Suisse

Analysts at Credit Suisse see a 1.05-1.07 range in EUR/CHF as the most likely outcome for the time being pending further details on the EU Recovery Fu
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