Coronavirus update: Germany’s new infections rise by nearly 1000, reproduction rate at 1.07

Dhwani Mehta FXStreet

According to the German disease and epidemic control center, Robert Koch Institute (RKI), the number of confirmed coronavirus cases rose to 170,508, with a total of 7,533 deaths reported on Tuesday.

Cases increased by 933 in Germany on Tuesday versus Monday’s +357. The death toll rose by 116, the tally showed.

The institute estimates the virus reproduction rate (R-value) at 1.07 as of Monday.

On Sunday, the infection rate climbed again above 1.0 to about 1.1, despite fewer new cases, as the curbs on public life were loosened.

EUR/USD reaction

EUR/USD keeps the offered tone intact around 1.0800 on the latest German stats, as the haven demand for the greenback undermines the shared currency.

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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