💨 Abstract

The US dollar is near a five-month low against major peers due to President Trump's trade policies and soft economic data. The euro is close to a five-month peak after a German fiscal deal to boost defense spending and revive growth. Goldman Sachs analysts point to a sharp re-rating lower of U.S. assets and a sharp re-rating higher in Germany's fiscal impulse as challenging the narrative of U.S. exceptionalism in markets.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖