No rebound in the euro as long as slow vaccination campaigns cloud recovery prospects

The EUR/USD has fallen below 1.20. The USD is strong, but the euro is weakening vs other currencies as well, the main reason being the slow start in the vaccination campaigns that cloud recovery prospects. While markets focus on the timing and the extent of the economic rebound in the US and the UK, they still worry about potential new lockdown in the main countries of the euro area and the EU in general. The EUR/USD is now trading just above 1.1950 while the EUR/GBP has fallen below 0.875, levels not seen since May last year. The US job report in on the agenda today.

covid19-vaccine-doses
Share this news :

You might also read :

ES-gas
September 29, 2021

Prices up on lower Russian flows

European gas spot and near curve prices were up overall yesterday, supported by lower Russian supply and the rise in Asia JKM prices (+11.52% on…
ES-oil
July 21, 2021

The API survey dampens sentiment

Crude prices remained at 69 $/b for the September ICE Brent contract, as the API survey showed stock builds in the US, whereas the market…
ES-gas
February 16, 2021

European prices dropped sharply

European gas prices dropped sharply yesterday, pressured by the sharp rise in temperatures above normal and expectations of stronger LNG supply to Europe in the…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter
Thank you for subscribing to our newsletter​

We will get back in touch with you soon.

Don’t forget to follow us on twitter!

EnergyScan - Newsletter subscription

Don’t have an account yet? 

[booked-calendar]