Reasons why the euro may be on a winning streak
The euro’s resilience in January, after delivering the worst annual loss in six years, may be just the beginning of a broader recovery as various indicators signal a more supportive backdrop for the currency.
The euro climbed to as high as $1.1483 last week, a level not seen since November, and traded at $1.1339 on Thursday, and technical gauges point to a more positive outlook. The currency is also getting a boost from rate differentials this week, as German 10-year yields breach the zero threshold for the first time in more than two years.
