Euro Bulls Rule in Germany Amid Merkel-Draghi Aplomb

German companies are more bullish on the euro’s prospects over the next three months than at any time since February, showing confidence in the ability of the European Central Bank’s interest-rate cuts to spur the economy.

A survey by Commerzbank AG, the nation’s biggest lender after Deutsche Bank AG, found that 26 percent of companies in Europe’s largest economy expect the euro to advance against the dollar, compared with 18 percent forecasting a decline. As recently as March, the bears outweighed the bulls.