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German Chancellor Angela Merkel confirmed on Tuesday that they will be extending the lockdown until the end of January, as reported by Reuters.

Additional takeaways

“We will have to harden measures.”

“We urge companies to continue allowing home office for workers.”

“We will restrict travel in and out of hotspots to a 15-kilometre radius.”

Market reaction

Markets were already aware of this announcement and the shared currency showed no immediate reaction. As of writing, the EUR/USD pair was up 0.42% on a daily basis at 1.2300.