Germany’s Spahn: The rise in cases is worrying but health system can cope

Dhwani Mehta FXStreet

Germany’s Health Minister Jens Spahn said on Thursday, they are worried about the rise in the coronavirus cases but are confident about the health system.

Additional comments

“Average age of infected persons in Germany is falling.”

“There are a lot of new infections among younger people.”

“Optimistic of coronavirus vaccine in the coming months.”

“If not, there certainly will be a vaccine next year.”

The Robert Koch Institute (RKI) reported earlier today, the number of confirmed coronavirus cases rose by 1,445 in Germany on Thursday vs. Wednesday’s +1,226.

EUR/USD extends gains beyond 1.1800

EUR/USD has caught a fresh bid-wave in early Europe, as the EUR remains unperturbed by the renewed virus concerns.

The strength in the major is mainly driven by the extension of the decline in the US dollar across its main competitors. At the press time, the spot trades at 1.1834, adding 0.44% on the day.

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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