currency
Euro has increased to the highest level in months
The prospect of billions in investments in Germany inspires the euro. Union and SPD’s decision strengthens the currency so far that it exceeds the values of the past few months.
The price of the euro has increased to the highest value since November. Based by the financial packages laced in Germany and the associated hope of more economic growth, the joint currency climbed over $ 1.07 in the morning.
In the early European business, the euro had noted by $ 1.06. The European Central Bank last set the reference course on Tuesday to $ 1.0557 (Monday: 1.0465).
In Germany, the Union and the SPD achieved a first breakthrough in their exploratory talks the evening before and put together a financial package of historical extent for defense and infrastructure. The decision was recorded euphorically on the foreign exchange market.
In addition, US President Donald Trump is burdening the US dollar with his commercial, economic and security policy. According to Antje Praefcke, foreign exchange expert at Commerzbank, it could even be a goal of the US government to weaken the dollar.
dpa
Source: Stern
