GLOBAL & REGIONAL DAILY (Wednesday 22 July 2020)
GLOBAL & REGIONAL DAILY
July 22 2020
Risk-on sentiment turned into concern about rising coronavirus cases and political disagreement over an additional round of US fiscal stimulus. The EUR/USD skyrocketed to its highest level of 1.1547 since January 2019 following the EU Recovery Fund agreement.
According to the BoG, in the period Jan-May 2020, the current account deficit reached €5.6bn, up by €706mn YoY, as the deterioration in the services balance and the secondary income account more than offset the improvement in the balance of goods and the primary income account.
Bulgaria: PM Boyko Borissov announced that Bulgaria will receive EUR29bn of EU funds from the EU’s Next Generation Fund and the EU budget for 2021-2027. On the politics front, the parliament rejected the no-confidence vote against the government.
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