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European Commission President Ursula von der Leyen has issued a stark warning, saying that COVID-19 cases will continue increasing in the next two-three weeks. She urges government to step up the response and labels the recent jump in infections as alarming. 

Her comments come ahead of an address to the nation by French President Emmanuel Macron, who will reportedly announce a second nationwide lockdown. German Chancellor Angela Merkel is also mulling such a move. 

EUR/USD hit a low under 1.1730

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