Germany’s Merkel says the country need curfews, may use Federal law to tighten restrictions

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. 

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