The Euro US Dollar (EUR/USD) exchange rate has fallen away from session highs but is managing to hold the flatline. The pair trades flat at US$1.1838.
The Euro is under pressure as rising coronavirus numbers are sparking fears of widespread tighter lockdown restrictions hampering the economic recovery.
The ECB starts a review of its pandemic bond buying programme, to consider how long it should continue for.
The US Dollar is advancing owing to safe haven demand as risk aversions grabs that financial markets.
With no high impacting data due to be release sentiment will continue to drive the pair.