Analysis of current trends and forecasts for EUR/USD
EUR/USD pair continues its rally
The EUR/USD pair appreciated by +0.42% to 1.0879, close to 5-month high.
Ukraine's support for the US proposal for a temporary 30-day ceasefire with Russia revived prospects for peace in Europe, strengthening the euro this week. In Germany, negotiations between political parties resulted in an agreement on the creation of a EUR 500 billion infrastructure fund and an easing of the « debt brake ».
The outlook for higher defense and infrastructure spending in Europe also supported the euro this week.
