The euro has reached its highest level against the dollar in four months. This has occurred after the increase in the income of European regions against the backdrop of an initiative in Germany to create a €500 billion infrastructure fund.
Analysts note that the rising pressure on the dollar and the decline in income of American regions served as a catalyst for the strengthening of the euro. Experts also point out that investors are waiting for further stimulus from the European Central Bank.
"Germany's proposal to create an infrastructure fund gave a fresh impulse to the euro, which has already been subjected to pressure after the transition from estimates in dollars," noted one of the analysts.
Experts also consider the possibility of further strengthening of the euro in the near future, especially with the support for improving the economic connectivity of the European Union.
