the euro has also gain even more against the russian ruble and the brazilian rebel let's bring in carson jess the chief economist at i n g germany there's carson good morning carson what is this recent euro rally telling us. well it's telling us the financial markets are actually expecting this synchronise global recovery and this would be for the 1st time in a long while so it is it is less a euro strength rather than a dollar weakness because the dollar really depreciated lost value against many currencies so this is why investors are tracking out off the u.s. and trying to find other regions off which they expect more a return or yields on their investments going into 2021 with this global recovery coming. do we have any idea how much higher the euro can go. well you know no one has obviously of this financial markets don't expect really relational explanations obviously right now there is a tailwind for the euro so we see the euro kind of appreciated a little bit longer but then at the same time when you look at the growth prospects it still looks as if the u.s. will have better growth pr

gained even more against the russian ruble and the brazilian reale currency now earlier i spoke to carson jesse is the chief economist at i.m.g. and i asked him what effect a new pandemic relief package in the u.s. would have on the u.s. dollar. well if this demick packets go through in the u.s. this would rather argue in favor of a strengthening of the dollar again so this would rather keep the euro dollar at its $120.00 we might even see then the da euro dropping below the $120.00 mark again so what we would need to really see the euro going towards $125.00 or even further would be a rolling of the vix seen very quickly in europe really clear signals that we are seeing this global recovery so not only the u.s. not only asia but aussie europe and other emerging markets really kind of engaging in a very strong and very fast recovery in 2021 then we could see a euro 125 or what you want 30. chief economist in germany well shares and cinema operators have taken a nosedive after warner brothers said that it would release all of its 2021 films in cinemas and on its own streaming service on the same