Home Coronavirus update: Germany’s reproduction rate rises further to 1.20
FXStreet News

Coronavirus update: Germany’s reproduction rate rises further to 1.20

The number of confirmed coronavirus cases rose to 182,028 with a total of 8,522 deaths, as reported by the German disease and epidemic control center, Robert Koch Institute (RKI), on Tuesday.

Cases increased by 213 in Germany on Tuesday versus Monday’s +333. The death count rose by 11, the tally showed.

The institute estimates the virus reproduction rate (R-value) extends further above the 1.0 key level, estimated at 1.20 as of Monday vs. Sunday’s 1.04. The 7-day average rate has moved closer to 1.0, at 0.95.

The rise in the R-value will be a big cause of concern for the German government.

The total estimate of about 166,400 persons has recovered as of the latest update.

EUR/USD holds above 1.1100

EUR/USD remains little changed on the downbeat German virus stats, keeping its range around 1.1125, down 0.08% on the day.

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.