Germany’s Angela Merkel says ”we are in the third covid wave, but also in a new pandemic that is dominated by the new variants.” Key notes Merkel says we don’t want any disturbance of international supply chains, but companies must fulfill their vaccine contracts. Says we need to supply our own population with vaccines because we know this is the way out of the crisis. Says we know that we will have beaten the virus only when everybody has had the chance to be vaccinated. Earlier in the week, German Chancellor Angela Merkel had cancelled plans for a strict lockdown over Easter, just a day after the measures were announced. The proposed lockdown was agreed with regional leaders in talks overnight on Monday, with restrictions set to be tightened between 1-5 April. But the plan was reversed following a crisis meeting on Wednesday. Market implications Meanwhile, the euro is under pressure due to rising coronavirus cases in Europe with improved unemployment numbers in the United States. We saw the biggest rise in new coronavirus cases in Germany since Jan. 9 and the largest number of patients with COVID-19 requiring intensive care in France so far this year. EUR/USD fell to below the 1.18 handle and the dollar index hit its highest since November overnight, at 92.697, breaking its 200-day moving average. 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 AUD/USD: Depressed around yearly low under 0.7600 on strong US dollar FX Street 1 year Germany's Angela Merkel says ''we are in the third covid wave, but also in a new pandemic that is dominated by the new variants.'' Key notes Merkel says we don't want any disturbance of international supply chains, but companies must fulfill their vaccine contracts. Says we need to supply our own population with vaccines because we know this is the way out of the crisis. Says we know that we will have beaten the virus only when everybody has had the chance to be vaccinated. Earlier in the week, German Chancellor Angela Merkel had cancelled plans for a strict lockdown… Regulated 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.