Germany’ Spahn: We are in a national emergency

Dhwani Mehta FXStreet

German Health Minister Jens Spahn expressed his concerns over the covid resurgence, citing that “we are in a national emergency.”

Additional quotes

Vaccinations won't cut it at this point to stop the COVID-19 spread.

The COVID-19 situation is more serious than last week.

Vaccinations won't be enough.

Controls are needed to stop the rise in COVID-19 cases.

When asked about possibility of full lockdown, he said, in a situation where can't rule anything out.

Meanwhile, Austria confirmed its intention to enter into nationwide lockdown starting from Monday. The country will also impose compulsory vaccinations starting from February.

Market reaction

EUR/USD remains pressured amid dovish comments from ECB President Lagarde, the US dollar’s strength and renewed covid concerns.

At the time of writing, the pair sheds 0.30% on a daily basis to trade at 1.1334.

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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