The euro is at its highest level in four months on Monday due to cautious optimism about a possible agreement on the European recovery fund, reports Reuters.
The exchange rate of the euro against the US dollar is currently 1,144.
There is currently no agreement on the recovery fund, but several European leaders have indicated cautious optimism about a possible agreement.
The news about a possible corona vaccine also caused optimism in various markets on Monday. In recent days, European heads of government have negotiated the future EU budget and the associated recovery fund.
Two-thirds of the recovery fund to help Europe’s economies recover after the corona crisis totaling EUR 750 billion would be donations.