The euro is under pressure against the dollar due to concerns about the third wave of COVID-19 infections sweeping across Europe. German Chancellor, Angela Merkel, described it as “effectively a new pandemic”, forcing restrictions to be extended and a lockdown in Berlin.
Europe are also having to contend with a slow vaccination rollout and scepticism surrounding the AstraZeneca vaccine. Statistics show that large numbers of the populations in France, Italy and Spain now consider the vaccine to be unsafe.
It’s a light day for data in the EU today, but European Bank Official, Andrea Enria, is due to speak later.
