There’s been a seismic shift in the euro’s fortune. Money managers are the most optimistic they’ve ever been on prospects for the common currency after its best month in almost a decade. And demand for European assets is so high that the currency is within a whisker of being more expensive than the dollar for the first time since funding pressures jumped earlier this year. That’s because the European Union’s landmark rescue fund has gone a long way in soothing concerns over the bloc’s structural risks, and efforts to control the coronavirus and reignite the economy look particularly promising compared to the U.S. ... (full story)