It is shaping up to be a rather mixed session so far
The dollar is holding its ground in the past hour or so as it sees its declines trimmed on the day, with EUR/USD moving away from 1.2080 to 1.2050-60 levels while GBP/USD is down a touch to 1.3980 levels from around 1.4000 earlier.

Remarks by European commissioner for internal market, Thierry Breton
They have been touting this since February and are continuing to stick with that goalpost as we approach May. Perhaps vaccine supply won’t be an issue but the rollout certainly needs to gather pace as most countries in the EU are struggling to even achieve at least