The dollar continues to push higher in European morning trade
The greenback is posting fresh highs across multiple currency pairs as we see cable now take aim towards 1.3200 upon a break of the 1.3300 level earlier in the session.

DIW expects the German economy to shrink by 1% in Q4 this year
The research institute says that the second hard lockdown in Germany will hit economic output rather harshly during the winter and only if the virus situation stabilises, will the economy return to the recovery path in February.