EU’s Breton: There will be enough vaccines for 70% of bloc's population by July

Dhwani Mehta FXStreet

Commenting on the inoculations, the European Union’s (EU) Internal Market Commissioner Thierry Breton said that there will be enough vaccines for 70% of the bloc's population by July.

This comes after Pfizer and BioNTech said in a statement on Monday, the bloc will receive additional 100 million doses from the pharma giants.

Meanwhile, the European Medicines Agency (EMA) is set to publish its verdict on Johnson & Johnson's single-dose vaccine later on Tuesday.

Market reaction

EUR/USD is off the highs but trades with moderate gains above 1.2050 amid the US dollar’s weakness and the EU’s vaccine optimism. However, rising Treasury yields and the risk-off action in the European equities appear to be capping the gains in the spot.

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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