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IMF's Georgieva: Confident ECB will make “the right call” in response to coronavirus

"We are looking very carefully at data on the economic impact of coronavirus," International Monetary Fund (IMF) Managing Director Kristalina Georgieva told CNBC on Wednesday.

"We are confident that the ECB will make the right call in response to coronavirus," Georgieva added. "China is aiming to get to 90% production by the end of the month. The US financial system is holding; there is quite substantial gearing up on measures to slow down the impact of the virus."

Market reaction

These comments were largely ignored by the market participants and the EUR/USD pair was last seen trading at 1.1130, erasing 0.37% on a daily basis.

OPEC+ ministerial panel ends with no agreement, Russia resists deeper cuts – Reuters

The OPEC+ ministerial panel on Wednesday concluded without an agreement as Russia continues to resist deeper oil production cuts, Reuters reported, ci
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US ISM Non-manufacturing: Don’t expect a repeat performance in March – Wells Fargo

Data released on Wednesday showed the ISM Non-manufacturing rose to the highest level in a year to 57.3 in February. According to analysts at Wells Fa
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