{"id":101354,"date":"2020-06-22T04:00:41","date_gmt":"2020-06-22T08:00:41","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=101354"},"modified":"2020-06-22T03:28:31","modified_gmt":"2020-06-22T07:28:31","slug":"103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\/","title":{"rendered":"EUR\/USD: Euro Rises Despite Increase In New Infections In Germany"},"content":{"rendered":"<ul>\n<li><strong>German covid-19 rate of transmission shows spread is increasing<\/strong><\/li>\n<li><strong>Euro (EUR) looks ahead to consumer confidence for clues on strength of economic recovery<\/strong><\/li>\n<li><strong>Safe haven US Dollar eases despite covid numbers rising in some states<\/strong><\/li>\n<li><strong>Euro US Dollar exchange rate (EUR\/USD) pierces US$1.12<\/strong><\/li>\n<\/ul>\n<p>After four consecutive days of losses, the Euro is pushing higher versus the US Dollar. The Euro US Dollar exchange rate tumbled -0.7% across the previous week as fears of a second wave of coronavirus infections dragged on risk sentiment.<\/p>\n<p>At 07:15 UTC, EUR\/USD is trading +0.2% at US$1.12, at the top end of the daily traded range.<\/p>\n<p>The Euro is brushing off concerns of a rising R rate in Germany. The R number, which measures the rate of spread of coronavirus jumped from 1.79 to 2.88 in the space of 4 days. An R rate over 1 means that the virus spread is increasing as lockdown measures ease in Europe largest economy. Investors will be watching closely to see if and how quickly Germany can bring this latest flare up under control.<\/p>\n<p>Data this week will be all about June surveys. Consumer confidence data today should provide a good sense of how quickly sentiment is recovering as economies across the region gradually reopen. Rebounding sentiment will be key for a recovery in domestic demand. Analysts are expecting consumer confidence to gradually increase to -15 in June, up from -18.8.<\/p>\n<p>The US Dollar rallied last week as investors bought into its safe haven properties amid rising fears over a second coronavirus wave. The recent flare up in Beijing is showing signs of fading, which is offering some support to risk sentiment. However, a record number of daily cases in California and jump in Florida will keep investors cautious.<\/p>\n<p>This week is a fairly quiet week on the US data front, with the data flow mainly focused on housing reports and durable goods orders later in the week. Mortgage applications continue to increase thanks to rock bottom borrowing costs and ample credit availability. This offers a positive outlook for the US housing market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>German covid-19 rate of transmission shows spread is increasing Euro (EUR) looks ahead to consumer confidence for clues on strength of economic recovery Safe haven US Dollar eases despite covid numbers rising in some states Euro US Dollar exchange rate (EUR\/USD) pierces US$1.12 After four consecutive days of losses, the Euro is pushing higher versus [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":3213,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[1435,1395,1393,1535,2890,1397,1398],"class_list":["post-101354","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-usd","tag-consumer-confidence","tag-eur","tag-euro","tag-home-sales","tag-r-rate","tag-us-dollar","tag-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/USD: Euro Rises Despite Increase In New Infections In Germany - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD: Euro Rises Despite Increase In New Infections In Germany\",\"datePublished\":\"2020-06-22T08:00:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\\\/\"},\"wordCount\":352,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100553-gbp-eur-trade-war-hits-germany-1.jpg\",\"keywords\":[\"consumer confidence\",\"eur\",\"euro\",\"home sales\",\"R rate\",\"us dollar\",\"usd\"],\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\\\/\",\"name\":\"EUR\\\/USD: Euro Rises Despite Increase In New Infections In Germany - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100553-gbp-eur-trade-war-hits-germany-1.jpg\",\"datePublished\":\"2020-06-22T08:00:41+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100553-gbp-eur-trade-war-hits-germany-1.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100553-gbp-eur-trade-war-hits-germany-1.jpg\",\"width\":725,\"height\":400,\"caption\":\"GBP\\\/EUR: Euro Slips vs Pound As Trade Wars Hit Germany\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EUR\\\/USD: Euro Rises Despite Increase In New Infections In Germany\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EUR\/USD: Euro Rises Despite Increase In New Infections In Germany - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"EUR\/USD: Euro Rises Despite Increase In New Infections In Germany","datePublished":"2020-06-22T08:00:41+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\/"},"wordCount":352,"image":{"@id":"https:\/\/currencylive.com\/news\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100553-gbp-eur-trade-war-hits-germany-1.jpg","keywords":["consumer confidence","eur","euro","home sales","R rate","us dollar","usd"],"articleSection":["EUR","USD"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\/","url":"https:\/\/currencylive.com\/news\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\/","name":"EUR\/USD: Euro Rises Despite Increase In New Infections In Germany - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100553-gbp-eur-trade-war-hits-germany-1.jpg","datePublished":"2020-06-22T08:00:41+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100553-gbp-eur-trade-war-hits-germany-1.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100553-gbp-eur-trade-war-hits-germany-1.jpg","width":725,"height":400,"caption":"GBP\/EUR: Euro Slips vs Pound As Trade Wars Hit Germany"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/103462-eur-usd-euro-rises-despite-rise-in-new-infections-in-germany\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"EUR\/USD: Euro Rises Despite Increase In New Infections In Germany"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100553-gbp-eur-trade-war-hits-germany-1.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/101354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=101354"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/101354\/revisions"}],"predecessor-version":[{"id":101355,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/101354\/revisions\/101355"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/3213"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=101354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=101354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=101354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}