• Germany’ Spahn: We are in a national emergency

Market news

19 November 2021

Germany’ Spahn: We are in a national emergency

German Health Minister Jens Spahn expressed his concerns over the covid resurgence, citing that “we are in a national emergency.”

Additional quotes

Vaccinations won't cut it at this point to stop the COVID-19 spread.

The COVID-19 situation is more serious than last week.

Vaccinations won't be enough.

Controls are needed to stop the rise in COVID-19 cases.

Market reaction

EUR/USD remains pressured amid dovish comments from ECB President Lagarde, the US dollar’s strength and renewed covid concerns.

At the time of writing, the pair sheds 0.30% on a daily basis to trade at 1.1334.

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