Euro hits four-month high as hopes for EU recovery fund deal rise

28.07.2020

The euro hit a 19-week high of $1.1467 on Monday, underpinned by hopes the European Union would agree on a 750 billion euro ($857.93 billion) recovery fund to help revive EU economies hit by the COVID-19 pandemic, of which 390 billion euros could be offered as grants.

EU leaders have made...