The euro on Tuesday notched a new milestone against the U.S. dollar, signaling the single currency's renewed momentum as weakening sentiment drags on the greenback.
Here's a look at what's behind the euro's push to its highest levels βsince 2021 at just over $1.20.
Why do we care about euro hitting $1.20?
Well, traders like big round numbers and $1.20 marks the latest milestone for a currency that surged roughly 13% last year β its best year versus the greenback since 2017.
It's also in focus after European Ce
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