EU's von der Leyen: Hope to finalise deal soon on Moderna COVID vaccine

Eren Sengezer FXStreet

The European Commission will authorise the coronavirus vaccine deal with CureVac on Tuesday, EU Commission President Ursula von der Leyen said on Monday and noted that the deal will include 400 million doses, as reported by Reuters.

"We hope to finalise a deal soon on Moderna COVID vaccine," von der Leyen added.

Market reaction

These comments don't seem to be having an impact on the shared currency's performance against its rivals. As of writing, the EUR/USD pair was unchanged on the day at 1.1828.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

EUR/USD weakens below 1.1700 as Middle East tensions drive US Dollar strength

The EUR/USD pair trades with mild losses around 1.1685, the lowest since late January, during the early Asian session on Tuesday. The US Dollar gathers strength against the Euro as escalating tensions in the Middle East boost safe-haven currencies. The preliminary reading of the Harmonized Index of Consumer Prices from the Eurozone will be published later on Tuesday.

GBP/USD hits new yearly lows near 1.3300

GBP/USD adds to the recent bearish tone, approaching to the key 1.3300 support to reach fresh YTD troughs against the backdrop of the robust performance of the US Dollar. Indeed, Cable’s decline comes amid the firm demand for the safe-haven space in the wake of the US and Israel attacks to Iran.

Gold defends bids as US-Iran war continues to fuel safe-haven flows

Gold retains positive bias for the fifth consecutive day on Tuesday as rising geopolitical tensions in the Middle East continue to underpin safe-haven assets. However, a bullish US Dollar keeps the bullion below its highest level since late January, set on Monday, warranting caution before positioning for any further appreciation.