The Euro is starting the week on the front foot, with gains versus other major currencies. The single currency has gained more than 1% against the Dollar so far in June, as investors feel reassured by the way the virus has been brought under control in the European Union and the successful reopening of its main economies, which is likely to drive a steep economic recovery. Today’s meeting between the German Chancellor and the French President, in which they will discuss the European recovery fund, is likely to offer further support to the Euro as both leaders are fully committed to garnering the necessary support from other member states.
