French FinMin Le Maire: Heading in right direction with plans to improve economy

“We are heading in the right direction regarding plans to improve the French economy,” said the country’s Finance Minister Bruno Le Maire on Tuesday.

Further comments

“There are signs of recovery within the French economy.”

“Spoke to head of Airbus yesterday regarding ways to help the aeronautics sector. “

“State ready to help the country's bars and restaurants sectors, could unveil more details next week.”

Market reaction

EUR/USD is extending its gradual retreat towards 1.1775, having faced rejection just below the 1.1800 level earlier in the Asian session this Tuesday.

A minor recovery in the US dollar against its main competitors drags the spot lower.