The euro has surged to 1.0850 against the dollar, erasing post-Trump election losses after a 4.4% weekly gain—its strongest since 2009. While Germany’s fiscal overhaul fuels optimism, analysts are split on whether the rally can last.
The European stock markets have been exceptional this year, with both the Euro Stoxx 600 Index and the DAX repeatedly reaching new highs, despite the risks of a widening küresel trade war.