Merkel expressing frustration with States’ efforts – threatening to use Federal law if States not acting sufficiently to contain the coronavirus outbreak.
- Merkel commenting on contact restrictions, testing and perhaps additional measures such as curfews to stop the growth
- emergency brakes not being implemented everywhere
- States must follow through or else she will act
EUR/USD is most recently 1.1790 and little changed. FX has become habituated to virus restrictions.