Coronavirus update: Record 16,774 new infections as Germans head towards November ‘lockdown light’

Dhwani Mehta FXStreet

Germany reported a record 16,774 new coronavirus cases on Thursday, rising by 3.6%, the latest statistics released by the Robert Koch Institute (RKI) showed.

The total tally stands now stands at 481,013. On Wednesday, the count grew by 14,964.

The new deaths rose by a whopping 89, as the total count jumped to 10,272. Meanwhile, the active cases in the country stood around 120K.

Late Wednesday, Germany’s Chancellor Angela Merkel reached a deal for a one-month partial lockdown with the state premiers, starting November 2 and will last until end-November.

Germany's Merkel: We call on citizens to call off all non-essential travel

The number of new cases will continue rising until the tighter restrictions kick start next Monday.

Market reaction

EUR/USD is keeping its range play intact around 1.1750, supported by a pause in the US dollar rally across the board. The spot adds 0.08% on the day.

EUR/USD: Rests at key support ahead of ECB

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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