ECB currently faced with a strengthening euro Germany’s Finance Minister Olaf Scholz said in a statement on Monday, the European Central Bank (ECB) is currently faced with a strengthening euro. Further comments “German debt likely to rise to around 80% of GDP.” “Germany to take 2021 new debt of just under EUR100 billion.” EUR/USD attacks 1.1800 The EUR/USD pair witnessed a solid turnaround and now looks to breach the 1.1800 levels, undermined by broad US dollar rebound and Scholz’s comments on the euro strength. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.