Bloomberg

Euro is riding a wave of confidence on Europe pandemic response

The currency completed its biggest two-month advance against the dollar and a trade-weighted index of its strength rose for a third quarter.  Foto: AP/Michael Probst

The euro's best rally in more than two years looks set to extend, with a host of market metrics reflecting growing confidence in Europe's pandemic response.

The currency completed its biggest two-month advance against the dollar and a trade-weighted index of its strength rose for a third quarter. At the same time, options are relaying optimism on multiple fronts -- signaling gains versus the greenback over the next three months, and a drop in bearish sentiment versus the yen, a traditional haven currency, to the lowest since January...

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