Marketmind: Euro(pe) is on a roll

Published by
Reuters UK

A look at the day ahead in European and global markets from Tom Westbrook The euro emerged as the clearest winner of slowing U.S. inflation and a watchful Fed. The common currency climbed 0.7% on Wednesday and was still going at $1.10 in the Asian morning. It is up seven weeks in a row – the longest winning streak since the latter stages of 2020 when the dollar was falling and global markets were in a stimulus-soaked euphoria. The thinking goes that inflation will keep Europe’s central bankers more hawkish than their U.S. counterparts, although perhaps not by much. Europe’s blue-chip stocks al…

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