Euro rises to four-month high on optimism about Germany’s infrastructure fund
By X-blogger - on March 6, 2025
The euro hit four month highs against the U.S. dollar, as Europe’s growth prospects improved after Germany’s proposed 500-billion euro infrastructure fund, potentially offsetting global trade tensions. The single currency is up nearly 3.7% this week, already on track for its best week since November 2022.
The Euro-Dollar pair exploded 1.4% in the last session. The Ultimate Oscillator is giving a positive signal.
Support: 1.0466 | Resistance: 1.1027
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