Currency Rally Set to Extend in East Europe on German Stimulus
A tram passes shoppers and pedestrians at Hackescher market square in Berlin, Germany.
Photographer: Jacobia Dahm/BloombergThis article is for subscribers only.
East European currencies rallied this week, with strategists expecting the impact from Germany’s plan to boost spending to spread across asset classes.
Hungarian, Polish and Czech bonds joined a global rise in yields after Germany’s political parties agreed to unleash hundreds of billions of euros in debt-backed financing for defense and infrastructure investments.