Germany's Scholz: Fiscal measures to counter coronavirus to be timely, targeted, temporary

Germany has all the strength to counter the impact of coronavirus if the epidemic plunged the world economy into a crisis, German Finance Minister Olaf Scholz told lawmakers on Wednesday, per Reuters.

"Any fiscal measures to counter coronavirus impact would be timely, targeted and temporary," Scholz added. "The government is prepared and ready to act decisively to counter coronavirus."

EUR/USD reaction

The EUR/USD pair edged lower on these comments and was last seen trading at 1.1124, down 0.42% on a daily basis.

Mar 4, 2020

When is the US ISM Non-Manufacturing PMI and how could it affect EUR/USD?

The Institute of Supply Management (ISM) will release the Non-Manufacturing Purchasing Managers' Index (PMI) - also known as the ISM Services PMI at 1

Italy closes all schools and universities due to coronavirus outbreak – ANSA

The Italian government has decided to close all the schools and the universities in the country due to the coronavirus outbreak, Reuters reported on M