Coronavirus update: Germany’s new cases rise by 1,510, the most since end-April

Dhwani Mehta FXStreet

The number of confirmed coronavirus cases rose to 226,914 with a total of 9,243 deaths, as reported by the German disease and epidemic control center, Robert Koch Institute (RKI), on Wednesday.

Cases increased by 1,510 in Germany on Wednesday versus Tuesday’s +1,390. The death count rose by 7, the tally showed.

RKI estimates the 4-day average of the virus reproduction rate to be 1.04 while the 7-day R-value estimated at 1.05.

On Tuesday, Chancellor Angela Merkel ruled out any further loosening of virus measures. She said that a doubling in the number of daily cases in the last three weeks needs to be brought under control.

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EUR/USD is holding lower ground near 1.1930, as the US dollar attempts a tepid bounce across the board amid US fiscal stimulus progress and ahead of the FOMC minutes. The concerning German virus stats could weigh on the euro.

EUR/USD erases early gains as dollar sell-off stalls

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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