Euro Rally to $1.20 Spurs More Buying and a Headache for the ECB

The euro’s ascent to its strongest level since 2021 is creating a problem for the European Central Bank.

By Vassilis Karamanis, Naomi Tajitsu, Laura Avetisyan · Bloomberg Markets

The euro’s ascent to its strongest level since 2021 is creating a problem for the European Central Bank.