The common currency primarily benefits from investors gradually withdrawing from the safe haven of us dollars. At 1.1172 dollars, the euro is currently at its highest level since the end of March. At the top, the price was just below the 1.12 dollar mark. The European Central Bank (ECB) set the reference rate at 1.1174 (Monday: 1.1116) US dollars. However, the euro is rising not only because of the dollar’s weakness, but also because the financial markets are positive about efforts to stabilise the economy in the Corona crisis. Above all, market participants welcome the EUR 750 billion reconstruction plan planned by the European Commission. The weekly oil report is expected from the USA in the evening after the close of trading ).However, the euro is rising not only because of the dollar’s weakness, but also because the financial markets are positive about efforts to stabilise the economy in the Corona crisis. Above all, market participants welcome the EUR 750 billion reconstruction plan planned by the European Commission.
