EU secures additional 100M COVID-19 doses from Pfizer/BioNTech

Dhwani Mehta FXStreet

Adding to the covid vaccine optimism in the European Union (EU), Pfizer and BioNTech said in a statement on Monday, that the bloc is exercising an option to secure additional 100 million doses from the pharma giants, Reuters reports.

Expectations of stronger 2H-2021 economic recovery amid higher vaccination rates in the EU drove Europe's STOXX 600 to reach a record high while the EUR/USD pair got the shot in the arm from the news.

The main currency pair finally broke above the 1.2000 barrier, now trading near fresh seven-week highs of 1.2032, up 0.34% on the day.

Read: EUR/USD advances to fresh tops above 1.2000

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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