Coronavirus update: Germany’s reproduction rate ticks higher to 0.94, still below 1.0 key level

Dhwani Mehta FXStreet

The latest data from the German disease and epidemic control center, Robert Koch Institute (RKI), showed that the number of confirmed coronavirus cases rose to 178,570, with a total of 8,257 deaths reported on Friday.

Cases increased by 289 in Germany on Monday versus Sunday’s +431. The death toll rose by 10, the tally showed.

The institute estimates the virus reproduction rate (R-value) stays below the 1.0 key level, estimated at 0.94 as of Sunday. `

The total estimate of about 161,200 persons has recovered as of the latest update.

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EUR/USD holds the lower just below 1.0900, as the US dollar continues to draw the haven bids across the board amid escalating US-China tensions. Focus shifts to the German IFO survey.

EUR/USD: Bulls need a better-than-expected German IFO Expectations Figure

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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