Euro Poised for Best Run Since 2017 as Dollar’s Slump Picks Up

The euro is set for its longest stretch of monthly gains in eight years, boosted by rising confidence in Europe’s economic prospects and a hunt for alternatives to the slumping dollar.

The common currency is up more than 3% in June, its sixth month of advances. Those gains have come as the dollar falters, with the Bloomberg Dollar Spot Index near its lowest level in more than three years. The dollar gauge ended the week lower by 1.2%.

The currencies are moving in separate directions on wagers that the Federal Reserve will cut interest rates at least two times this ...