Euro Rises to Highest in 1 Month as Nowotny Says Views Overdone

  • Market positioning showed wagers for ECB stimulus were robust
  • Standard Chartered says traders buying to unwind bearish bets

What a Strengthening Euro Means for European Stocks

The euro rose to a one-month high after European Central Bank policy maker Ewald Nowotny said financial markets formed unrealistic expectations for increased monetary stimulus.

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