According to the German disease and epidemic control center, Robert Koch Institute (RKI), the number of confirmed coronavirus cases rose to 95,391, with a total of 1,434 deaths reported on Monday. Cases rose by 3,677 in Germany when compared with Sunday’s 5,936 new infections, marking the fourth straight drop in the daily rate. The death toll climbed by 92. Despite the growing cases of infection, the curve seems to be flattening, with an average of approximately 9% rise in the confirmed new cases over the past week. A recession is almost priced-in for Europe’s most powerful economy in the coming quarters, with the IFO institute stating that the exports expectations in the country’s auto industry are at their lowest since March 2009. EUR/USD reaction On improvement in Germany’s virus situation, the shared currency saw a fresh leg higher, as EUR/USD tests highs near 1.0830. The focus now remains on the German Factory Orders for fresh incentives. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EU set to impose tariffs on US exports of lighters, furniture coatings and playing cards Monday – Politico FX Street 2 years According to the German disease and epidemic control center, Robert Koch Institute (RKI), the number of confirmed coronavirus cases rose to 95,391, with a total of 1,434 deaths reported on Monday. Cases rose by 3,677 in Germany when compared with Sunday’s 5,936 new infections, marking the fourth straight drop in the daily rate. The death toll climbed by 92. Despite the growing cases of infection, the curve seems to be flattening, with an average of approximately 9% rise in the confirmed new cases over the past week. A recession is almost priced-in for Europe’s most powerful economy in the coming… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
