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Germany's Merkel: We don't need classic stimulus but liquidity to counter coronavirus impact

"We don't need a classic stimulus but liquidity to counter the coronavirus impact," German Chancellor Angela Merkel told lawmakers on Wednesday, Reuters reported, citing sources with direct knowledge of the matter.

"Everything non-essential should be cancelled," Merkel added. "Games behind closes doors are not the worst thing that can happen in this country."

EUR/USD reaction

The shared currency's reaction to these remarks was muted. As of writing, the EUR/USD pair was trading at 1.1376, erasing 70 pips, or 0.62%, on a daily basis.

USD/CAD climbs to 1.3750 area as oil starts to pull away from highs

The USD/CAD pair gained traction in the last hour and broke above the 1.3700 mark after spending the first half of the day fluctuating around the 1.36
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USD/JPY Price Analysis: Dollar off three-year lows vs. yen, trades sub-104.00 figure

USD/JPY is bouncing from three-year lows well below the simple moving averages (SMA) as the equity markets worldwide are recovering after a strong selloff on M
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