Germany's Merkel set to agree to cautious easing of COVID-19 lockdown – Reuters


German Chancellor Angela Merkel is expected to agree on a gradual lifting of the coronavirus curbs when she meets with the regional leaders later on Wednesday, Reuters reports, citing draft plans.

The German leader, however, will say that the restrictions could be tightened again if infections jump, per Reuters.

Additional details

“The draft plans say that from March 8 a maximum of five people from two households, excluding children younger than 14, will be allowed to meet.”

“Flower shops and book stores, garden centers, tattoo and nail parlors as well as massage salons will also be allowed to reopen on March 8, the draft shows. Hairdressers and some schools have reopened in recent days.”

“The latest draft plans obtained by Reuters provide for a tighter lockdown to be re-imposed if the number of cases rises above 100 per 100,000.”

Market reaction

EUR/USD continues to waver in a familiar range below 1.2100, as the dollar looks to recover ground ahead of the critical US data.

The spot was last seen changing hands at 1.2085, modestly flat on the day.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Take advantage of market volatility with our daily Forex, Crypto and Indices Trade Ideas!

Become Premium!    

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD defends 1.2000 ahead of PMI data, ECB’s Lagarde

EUR/USD eases from intraday high, keeps bounce-off three-day low flashed the previous day. Preliminary readings of April’s PMI are expected to soften for Germany, Eurozone but may recover for the US. ECB President Lagarde will be looked for consistency in her post-ECB meeting speech.

EUR/USD News

GBP/USD tumbles to 1.3820 on dollar strength

GBP/USD has tumbled toward 1.3820 as the dollar gains ground across the board. US jobless claims beat estimates, while concerns mount about US tax hikes. 

GBP/USD News

EUR/USD defends 1.2000 ahead of PMI data, ECB’s Lagarde

EUR/USD eases from intraday high, keeps bounce-off three-day low flashed the previous day. Preliminary readings of April’s PMI are expected to soften for Germany, Eurozone but may recover for the US. ECB President Lagarde will be looked for consistency in her post-ECB meeting speech.

EUR/USD News

Gold remains two steps away from $1800 and beyond

Gold (XAU/USD) is attempting a tepid bounce after falling 1% on Thursday amid a sharp recovery staged by the US dollar. Risk-aversion gripped the markets on Bloomberg report that the Biden administration is proposing higher taxes on the wealthy to pay for its social plan.

Gold News

Lagarde cautiousness & Biden's taxes

All market chatter is about Biden's taxes & their impact on shares and cryptos. But let's discuss that ECB decision first-- The economic outlook is improving in Europe, yet you wouldn't know it from Lagarde's Thursday comments after the ECB decision.

Read more

Forex MAJORS

Cryptocurrencies

Signatures