Euro’s Best Rally Since 2015 Fans Bets on Further 10% Surge
- Options traders expect further gains on German spending plans
- Currency saw its biggest three-day advance since 2015
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The euro’s best three-day rally since 2015 is encouraging traders to bet the currency will rise 10% further in coming months.
Hedge funds are buying options betting that the currency could reach as high as $1.20 in six to nine months, according to FX traders familiar with the transactions who asked not to be identified because they aren’t authorized to speak publicly. That level was last seen in 2021.