Deutsche Bank turns bullish on euro outlook

LONDON, March 4 (Reuters) - Deutsche Bank said on Tuesday it had turned more positive on the outlook for the euro after the parties hoping to form Germany's next government agreed to create a 500-billion euro infrastructure fund and overhaul borrowing rules.

In a note, Deutsche analysts said the announcements had exceeded its "optimistic expectations."

"The news flow is significant enough to now shift us into an outright EUR/USD bullish view," they said, adding that the bank now targets euro/dollar at $1.10.

The single currency was last trading at $1.0604 EUR=EBS, up more than 1% on the day.