Coronavirus update: Germany’s death toll nears 9K, R-rate trends higher at 2.76

23 Jun 2020, 16:37 · Views 734

The number of confirmed coronavirus cases rose to 190,862 with a total of 8,895 deaths, as reported by the German disease and epidemic control center, Robert Koch Institute (RKI), on Tuesday.

Cases increased by 503 in Germany on Tuesday versus Monday’s +537. The death count rose by 10, the tally showed.

The institute estimates the virus reproduction rate (R-value), the 4-day moving average, to be at 2.76 as of Monday. The 7-day average rate ticked lower to 1.83, still way above the key 1.00 threshold.

The fresh outbreak in North Rhine-Westphalia has raised significant concerns over community transmission, as the German economy continues to re-open up.

EUR/USD looks to 1.1300

EUR/USD is flirting with the 10-DMA at 1.1266 amid the upbeat market mood and following the wild ride seen in the last hours. Greenback remains broadly weaker due to increased demand for the risk assets.

EUR/USD trades above 10-day SMA ahead of Eurozone preliminary PMIs

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