EUR/USD turns positive for the first time this week, as the bulls look to extend control above 1.2100 in the run-up to the ECB monetary policy decision. Meanwhile, the haven-demand for the greenback also takes a hit amid expectations that the US drug regulator, the Food and Drug Administration (FDA), will approve Pfizer’s coronavirus vaccine later this Thursday.
On the EUR-side of the story, the euro bulls continue to draw support from hopes that the EU leaders will approve the stimulus deal at the Summit, which will pave the way for the flow of $2.2 trillion to the continent’s battered economies.