💨 Abstract

The U.S. dollar strengthened against major currencies like the yen and Swiss franc on Wednesday due to a slower-than-expected increase in U.S. inflation. This comes amid ongoing global trade tensions, with the EU announcing counter tariffs on U.S. goods in response to existing tariffs. The euro eased after hitting a five-month high, while the Canadian dollar weakened against the U.S. dollar due to trade issues.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖