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Germany's 500 billion fund stimulates the market, and the euro touches a four-month high
On March 6th, Jinshi Data reported that the Euro against the US dollar EUR/USD touched a four-month high today, poised to have its best week since November 2022, as Germany proposed a €500 billion infrastructure fund, improving the outlook for the European economy and potentially offsetting the impact of global trade tensions. Karl Schamotta, Chief Market Strategist at Toronto's Corpay, said, "The measures being taken by German leaders may revitalize the country's rise, help reverse the long-term decline in basic economic infrastructure, and establish a strong fortress against Russia. Traders' reactions are very optimistic, driving the Euro higher against all major currencies." However, Mitsubishi UFJ's Senior Currency Analyst Lee Hardman warned of the downside risks to the Euro from Trump's tariff threats, stating that early April will be a critical "crucial moment" for the European economy.