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The European Union has reached a deal with Pfizer and BioNTech for the purchase of additional 300 million doses of their coronavirus vaccine, Reuters reported on Monday, citing a European Commission spokesperson.

Regarding the matter, “discussions with the European Commission are ongoing,” a spokesman for Pfizer told Reuters.

Market reaction

This development doesn’t seem to be having a significant impact on the shared currency’s performance against its rivals. As of writing, the EUR/USD pair was virtually unchanged on a daily basis at 1.2044.