Reported 2 days ago
The euro is experiencing its strongest weekly performance since 2009, driven by Germany's commitment to increase defense and infrastructure spending. The currency rose nearly 5% this week, reaching $1.0889, amid record options volumes and bullish sentiment from traders. Bank of America has adjusted its euro forecast upward, predicting it could climb to $1.15 by year-end, marking a significant shift in market dynamics.
Source: YAHOO