Euro’s Fastest Rally in Decades Is Reinforced by Options Shift
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The euro’s fastest rally in two decades is being backed up by options trades that point to the start of a structural shift for Europe’s common currency.
It’s already climbed 8.7% so far this year, the most since 2003, though momentum has been fading in recent days. Behind the scenes, however, is a rare signal in the options market that adds weight to the idea that the move is not just tactical and has staying power.