The euro has hit a four-month low against the dollar and is weak against the pound this morning. The vaccine effort in the US and the UK continues to outpace Europe, which is now experiencing a third wave of COVID-19 infections.
The European Commission will ask for approval from European leaders today on their plan for an export ban, which would aim to boost supplies within the EU. Leaders are reportedly divided over the restrictions for exports.
The GfK Consumer Climate Indicator in Germany was released this morning, showing an increase to -6.2 heading into April of 2021, from an upwardly revised -12.7 in the previous month. The survey was conducted at the beginning of March, before the announcement of an extended lockdown in Germany.
