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New Virus Pain Upends Global Policy Bets to Offer Relief to Euro

  • Traders cut pricing for rate hikes, reducing policy divergence
  • Change in sentiment leads analysts to see euro stabilizing
Hungary Posts Record Economic Growth in Post-Covid Rebound
Photographer: Akos Stiller/Bloomberg

The new strain of the coronavirus might give the euro some pain relief.

The common currency has been battered this month as Europe looked set to be the only region heading for another winter of lockdowns, yet now fears of renewed travel curbs are spreading around the world from the latest Covid-19 variant.