Germany's finance minister Scholz: We'll use our fiscal firepower where support is needed

Market news

12 January 2021

Germany's finance minister Scholz: We'll use our fiscal firepower where support is needed

It makes no sense to speculate on when lockdown can be lifted
Nobody can tell for sure when this pandemic will be over
The impact of current lockdown on economy is not too severe
Germany has the firepower it needs to tackle the pandemic
We want to get out of the crisis with growth, this should help to pay back the debt

AUD/USD: Further near-term sideways trading expected below the key 0.7816 resistance - Credit Suisse

GBP/USD to retest 1.3710/20 on a break above 1.3636/71 - Credit Suisse

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