Germany’s Merkel: 60 to 70% in Germany will become infected with coronavirus

Dhwani Mehta FXStreet

According to the German newspaper, Bild, Chancellor Angela Merkel said after the start of the parliamentary group meeting on Wednesday, 60 to 70 percent of people in Germany will become infected with the coronavirus.

At Corona we are facing a challenge that we have never had before. It really depends on us. (...) The main burden is borne by Jens Spahn. He does it really well. This is also an incentive for the near future. Because the crisis is of course not over yet,” she added.

Germany's Merkel: We don't need classic stimulus but liquidity to counter coronavirus impact

Meanwhile, Health Minister Jens Spahn pointed out that 80 percent of all infected people would get through the epidemic with almost no symptoms, the paper reported.

EUR/USD reaction

EUR/USD has regained the 1.1350 level in the last hour, as the US dollar bears remain relentless amid US economic stimulus disappointment and rising coronavirus fears.

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.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD trims losses and returns to the 1.1750 area

The US Dollar resumed its decline in the American afternoon, helping EUR/USD trim early losses. The pair trades around 1.1750 as market participants gear up for the European Central Bank monetary policy decision and the United States Consumer Price Index.