Euro rises 0.5% to 1.1214 against dollar, biggest gain in over two weeks

A single-session move of this size in a major currency pair is less a story about the euro's fundamentals than about positioning and the dollar side of the equation, and the framing here offers no catalyst to attribute it to. For RWA and tokenized-asset markets, euro-denominated flows and EUR/USD-linked products are the practical transmission channel, so a firmer euro session can shift relative appeal without any change in the underlying assets. Whether this holds beyond a fortnight's high, or reverses as quickly as it appeared, is the open question.