The single currency performed well against the dollar yesterday while being outshone by sterling.
It breached 1.20 against the dollar, moving upwards step by step since the start of April and reaching levels not seen since early March.
It’s a relatively quiet week for EU data, but the big event will be the interest rate decision from the ECB on Thursday (22 April). No change in rates is expected.
Of more interest may be better news on vaccine supplies. With Europe increasingly furious at AstraZeneca’s failure to deliver the expected number of doses, it is expected to switch to Pfizer and Moderna, despite the difficulties of storage, with 50 million more doses secured by early summer.
