Germany's Merkel: Coronavirus situation is dramatic

Eren Sengezer FXStreet

German Chancellor Angela Merkel noted that the coronavirus situation in the country was dramatic, as reported by Reuters. "It is not too late to decide to get your first COVID vaccination shot," Merkel added.

Earlier in the day, Germany's Robert Koch Institue announced that there were 52,826 new confirmed cases in Germany.

Market reaction

These comments don't seem to be having a significant impact on market sentiment. As of writing, Germany's DAX Index was up 0.1% at 16,264 and the EUR/USD pair was virtually unchanged on the day at 1.1316.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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