According to Odaily, the euro surged to its highest level in a year as traders exhibited the most bullish sentiment towards the currency since late 2020. On Wednesday, the euro briefly climbed to 1.1143, marking its highest point since July 2023. Market expectations are that Federal Reserve Chairman Jerome Powell will support their bets on rate cuts during his speech on Friday. It is anticipated that the Federal Reserve will reduce interest rates at a faster pace than the European Central Bank in the coming months.