The euro is strong against the dollar this morning ahead of the European Central Bank’s latest meeting on Thursday. Officials are expected to comment on the recent rise in bond yields and the necessary duration of the PEPP programme, a subject that a handful of officials have commented on in separate speeches recently.
The EU have already experienced a notable rise in vaccinations administered, which is strengthening the euro. Germany and Belgium both hit new daily records of vaccines administered last week.
PMI data for Germany and the Eurozone will be released on Thursday, expected to show a slight drop in April.
