Germany’s Chancellor Angela Merkel expressed her concerns on the alarming rise in coronavirus cases in the country.

Key quotes

“Infection numbers are rising at a concerning rate.”

“Vaccination protects not just yourself, but people you care about.”

“The more we are vaccinated, the freer we will be.”

“There is no substitute for precautionary practices like wearing masks.”

Market reaction

EUR/USD is stuck in a range around 1.1800, awaiting the ECB verdict for a fresh direction, although the risks remain skewed to the downside amid a dovish outcome expected and looming Delta covid concerns.