The euro is weaker against the dollar and stronger against the pound this morning. Overall, worries about the third wave of COVID-19 infections in Europe are weighing on the single currency, as well as the slow vaccine rollout.
Today, the European Commission will discuss widening the criteria for possible vaccine export bans. It is expected to now consider vaccination distribution in the country itself and its record of supplying vaccines to the Bloc. This comes due to the slow pace of vaccinations and supply issues.
The European Central Bank will meet for their non-monetary policy meeting later today, which will be followed by the release of PMI data for the services and manufacturing industries.
