💨 Abstract

The dollar strengthened against major currencies on Monday, with focus on China's weekend stimulus announcements, which were seen as somewhat disappointing. The euro and pound fell, while the dollar index approached a peak not seen since mid-August. The yuan and Aussie also weakened. China plans to increase government debt issuance to support the economy, but market expectations for further stimulus remain.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖