Photographer: Chris Ratcliffe/Bloomberg

Euro’s Longest Winning Streak in Four Years Poised to End: Chart

The euro is set to end its longest run of monthly gains versus the dollar since January 2013 on expectations of higher U.S. interest rates and rising European political risk. Market pricing for a Federal Reserve hike is rising, President Donald Trump’s tax plans are beginning to materialize, while some political uncertainty has crept back into the European Union following the German elections. Even so, “fundamental center of gravity remains higher” for the pair with the European Central Bank potentially announcing a tapering of stimulus, according to Ned Rumpeltin at Toronto Dominion Bank, which expects the euro to finish the year at $1.26, compared with $1.1810 on Friday.

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