Germany’s Merkel: I invite all Chinese companies to invest in Germany

In addition to her previous comments from Beijing, German Chancellor Angela Merkel invites Chinese investment into Germany.

Key quotes:

“I invite all Chinese companies to invest in Germany.”

“Germany is open for Chinese investment but we check investments in certain strategic sectors, critical infrastructure.”

FX implication

Markets paid attention to the news considering the major emphasis on trade and the US NFP data.

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The US President Donald Trump took on his twitter to again push the Federal Reserve towards a rate cut in order to avoid the US recession fears.
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When is the German industrial production and how could it affect EUR/USD?

Eurozone's manufacturing powerhouse Germany will publish industrial production figures for the month of July at 06:00 GMT. The data is expected to sho
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