New daily coronavirus infections in Germany hit a record Thursday.
The number of confirmed coronavirus cases increased by 21,506, bringing the total case count to more than 597,000. Cases have increased in recent weeks, which forced the government to reimpose a month-long lockdown.
EUR / USD fell nearly 1.8% to 1.1645 last week, as investors sold the euro out of fear that the coronavirus resurgence would derail the economic recovery and force the European Central Bank to push through stimulus. However, the pair has recovered above 1.18 this week amid the American election saga.
The United States hit a new record of 121,054 new daily cases of coronavirus on Thursday, according to data from Johns Hopkins University. Democratic candidate Joe Biden, who has approached the White House, attended a coronavirus briefing early Thursday in Wilmington, Delaware.
Credits: Forex Street
I am Derek Black, an author of World Stock Market. I have a degree in creative writing and journalism from the University of Central Florida. I have a passion for writing and informing the public. I strive to be accurate and fair in my reporting, and to provide a voice for those who may not otherwise be heard.