Pfizer and BioNTech said in a statement issued Monday, that the European Union is exercising an option to secure an additional 100 million doses of the two pharmaceutical giants, as reported by Reuters.
Expectations of a stronger economic recovery in the second half of 2021 amid higher vaccination rates in the EU led Europe’s STOXX 600 to hit an all-time high, while the pair EUR/USD received the news with a rise that has taken it to highs of almost seven weeks.
The major currency pair finally broke above the 1.2000 barrier and reached a top from the beginning of March at 1.2041. At time of writing, the EUR / USD is trading above 1.2033, gaining 0.43% daily.
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