The euro has been advancing towards yearly highs against the dollar due to vaccine hopes and Brexit optimism.
There will be a series of data releases today, including PMI data for both Germany and the Eurozone as a whole. The service sector is expected to stay in contraction territory due to ongoing restrictions enforced to curb the spread of coronavirus. Germany enters a stricter lockdown today and restrictions will continue over Christmas.
The European Medicine Agency has brought forward its decision on the Pfizer/BioNTech vaccine to December 21 from the 29. They are expected to approve it to be rolled out in January.
