India, March 6 -- The euro strengthened against other major currencies in the Asian session on Thursday, following a spike in European bond yields on Germany's proposed 500-billion-euro ($539.85 billion) infrastructure fund and a revision to borrowing restrictions.
In addition to upgrading the growth estimate for the larger Euro area, Goldman Sachs improved its economic growth projection for Germany this year, noting the possibility of higher military and infrastructure spending.
Goldman has increased its growth forecast for Europe's largest economy by 0.2 percentage points to 0.2 percent growth.
Investors looked ahead to the European Central Bank's interest-rate decision and President Christine Lagarde's press conference later in the da...