💨 Abstract

On Tuesday, the U.S. dollar rose, boosted by safe-haven demand after President Trump confirmed tariffs on Mexico and Canada. The stronger dollar led the euro to drop from a one-month high, with the euro's future gains dependent on Germany forming a coalition government swiftly. Trump's statement came despite efforts from Canada and Mexico to reinforce border security and halt fentanyl influx into the U.S. before the March 4 deadline.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖