Euro gains 0.6%, nearing 1.1000 against the dollar

The euro has gained 0.6% against the dollar, reaching 1.0854, marking its best weekly performance since December 2008. The euro is now closer to 1.1000, driven by strong demand and a weaker dollar. Market attention is on the 200-week moving average at 1.0872, which could signal further gains if surpassed. However, potential challenges remain, including upcoming tariffs and a crucial German parliamentary vote on debt reform. The vote on debt brake reform is scheduled for March 18, with discussions starting on March 13. Approval requires a two-thirds majority, and the ruling coalition needs additional support to pass the proposal.