Euro Unfazed by Merkel’s Threat of 10 Weeks of Lockdown

From bkassetmanagement.com

The resilience of euro is remarkable. The single currency ended the day higher against the US dollar and Japanese Yen despite German Chancellor Merkel’s warning that the lockdown may last for 8 to 10 weeks if the numbers don’t improve. She reportedly told her conservative party counterparts that “If we don’t manage to hold off this British virus, we will have a 10-fold incidence by Easter.” The government also warned that there could be no travel until late May. Germany reintroduced lockdown measures in early November but restrictions that include travel limitations, closures of schools and non-essential ... (full story)