On March 11, analysts at Danske Bank said in a report that the euro could rise further if the spending plan of German election winner Merz is approved in parliament. The Greens have vowed to reject the plan, but may eventually support it. "While much of the optimism for the euro appears to have been priced in, the confirmation of spending options or a possible ceasefire agreement in Ukraine could boost the euro again." Fears of a slowdown in US economic growth are also increasingly becoming the main driver of the euro's rally.
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Institutional analysis: if the German fiscal package is approved, the euro will rise further
On March 11, analysts at Danske Bank said in a report that the euro could rise further if the spending plan of German election winner Merz is approved in parliament. The Greens have vowed to reject the plan, but may eventually support it. "While much of the optimism for the euro appears to have been priced in, the confirmation of spending options or a possible ceasefire agreement in Ukraine could boost the euro again." Fears of a slowdown in US economic growth are also increasingly becoming the main driver of the euro's rally.