The single currency fell against the US dollar yesterday as renewed global coronavirus woes sent investors looking for the safety of the dollar.
The Eurozone is winning support for its largely exemplary handling of the Covid crisis. Millions of Germans, Poles and Norwegians can prepare for holidays in similarly well-protected hotspots like Greece, Cyprus and the Balearics. There has also been progress on plans to support countries like Spain and Italy and on the ECB’s plans for reflation.
Hence the single currency continued to strengthen against sterling yesterday.
