Reported about 11 hours ago
The euro has experienced its most significant three-day rally since 2015, prompting traders to speculate that it could increase by an additional 10% in the coming months. Hedge funds are reportedly buying options anticipating the euro could reach $1.20, last seen in 2021. This surge is supported by Germany's plans for substantial defense and infrastructure spending, influencing positive market sentiment despite ongoing concerns about the sustainability of this rally.
Source: YAHOO