EUR/USD rises as vaccine news offset weak EU recession fears

The EUR/USD is up by more than 0.40% as European countries start planning for mass Covid-19 vaccinations. The pair is rising even after mixed flash manufacturing and services PMIs from the European Union. Covid vaccination about to start in Europe In the past few weeks, several Covid vaccine manufacturers have delivered positive results about their products. Pfizer and BioNTech were the first ones to reveal that their vaccine was 90% effective. They later updated this figure to 95%. In another report, Moderna, an American company said that its vaccine was 94.5% effective. And today, Oxford and AstraZeneca revealed that their