The Euro is on the fourth consecutive day of gains against the Dollar, touching a more than 2% weekly increase versus the greenback during early trading on Friday. The single currency’s appeal derives from improved market sentiment, triggered by hopes of a quick economic turnaround as the major economies progressively end lockdowns. But, greater risk appetite is not the only reason why there is a smile on the faces of Euro traders; the European recovery fund is perhaps the real spring behind the rise of the single currency, as it offers hope of a more functional future for the European Union and specially for the Euro.
