Citing an official familiar with the matter, the European Union (EU) hardliners are reportedly ready to accept EUR390 billion in grants on coronavirus recovery fund.
This comes after the earlier Reuters report that the Frugal Four are ready to accept EUR390 billion in grants and EUR360 billion in loans.
Austrian Chancellor Sebastian Kurz and Dutch Prime Minister Mark Rutte expressed their content over the current compromise proposals.
The focus now remains on the fourth day of the EU Summit, which will reconvene at 1400 GMT.
Market reaction
EUR/USD extended the bounce and hit fresh session highs at 1.1446 before retreating quickly to 1.1438, where it now wavers. The spot adds 0.12% on the day.
Reprinted from fxstreet.com, the copyright all reserved by the original author.
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