Euro Runs Its Best Winning Streak in Two Decades Versus Dollar
The euro’s rally has been underpinned by the long-running slide for the dollar.
Photographer: Tomohiro Ohsumi/BloombergThe euro notched its longest winning streak against the dollar in more than two decades — and options traders are betting the rally isn’t over yet.
The greenback’s recovery earlier in the day pressured the common currency, leading it to curb its advance after it touched the highest level since September 2021 earlier in the session. It’s the longest stretch for the euro since 2004, eclipsed only twice since the currency’s inception in 1999.