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Originally Posted by TheNews

Germany's investor confidence rebounded at record rate in June as lockdown restrictions imposed to slow the spread of the coronavirus were eased across Europe, survey data from the ifo institute showed on Wednesday.

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Tags: eur, eur/usd, euro, eurusd, fundamental analysis, german

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Australia's gross domestic product dropped a seasonally adjusted 0.3 percent on quarter in the first three months of 2020, the Australian Bureau of Statistics said on Wednesday.

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The long-term outlook for the Euro has been boosted significantly by a Franco-German proposal for a €500 billion coronavirus Recovery Fund, even though an agreement is not yet close.

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Australia's central bank maintained its interest rate and the target yield on three-year government bonds as economy experiences severe downturn after measures taken to stem the spread of coronavirus, or Covid-19. At the monetary policy meeting on Tuesday, the Reserve Bank of Australia board kept its interest rate at a record low 0.25 percent.

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Tags: aud, aud/usd, audusd, fundamental analysis, rate

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