(Bloomberg) — The longest euro rally in almost a decade is at risk of petering out even as investors’ appetite for risk makes a comeback.Europe’s shared-currency climbed for an eighth day Thursday — the longest streak since 2011 — after the European Central Bank expanded its emergency bond-buying program to counter the economic impact of the coronavirus pandemic. It reached an almost three-month high of $1.1362, more than 4.5% above its May 25 low.Yet while the euro’s surge against the dollar and other peers took it past key resistance levels, some strategists are urging caution and technical gauges are flashing …read more
Source:: Yahoo Finance
