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March 5, 2025
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CNBC: Euro rises to four-month high on optimism about Germany's infrastructure fund

"By launching a 500-billion euro investment fund and working to reform the country's overly-restrictive debt brake, German leaders are taking steps that could reinvigorate growth at the core of the euro project, help reverse a long decline in underlying economic infrastructure, and establish a strong bulwark against Russia's westward expansion" said Karl Schamotta, chief market strategist, at Corpay in Toronto. "Traders are reacting with unbridled optimism, bidding the euro up against all of its major counterparts." CNBC: Euro rises to four-month high on optimism about Germany's infrastructure fund