💨 Abstract

The dollar stabilized on Friday against major currencies, with the euro set for its first weekly drop this month, due to a cautious outlook on global trade wars. The U.S. dollar index edged higher after the Federal Reserve signaled no immediate interest rate cuts. The euro eased following profit-taking, as Germany passed a reform to its borrowing rules and a 500-billion-euro fund for infrastructure.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖