Euro on course for best week since 2009

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Financial Times 3d ago

Euro on course for best week since 2009 - Financial Times

Quick Summary:

Analysts at Goldman Sachs said the economy could expand by as much as 2 per cent next year if the fiscal package was swiftly implemented, up from a previous forecast of 0.8 per cent.

Until this week, economists had expected the German economy, the eurozone’s largest, to stagnate this year, weighing on the euro.

The euro strengthened further after the monthly US jobs report, released on Friday, showed the economy added 151,000 positions in February, short of the 160,000 expected by economists, before giving up some of the gains.