Traders Turn Optimistic on Euro With Stimulus Relief Mounting
- Strategists have started nudging up forecasts for the currency
- Option prices are reflecting improved sentiment toward euro
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Barely a fortnight ago, currency traders were fretting over the future of the euro. They’re now cautiously optimistic.
The common currency just had this year’s best monthly advance after the European Union finally managed to assemble a stimulus plan to steer the region’s recovery from the pandemic. Option-market sentiment is improving and strategists are beginning to relay a glimmer of optimism on the euro’s prospects.