💨 Abstract

The dollar weakened on Wednesday due to weak U.S. confidence data and tariff concerns, with the dollar index heading for a 4% drop for the quarter. The euro and sterling held steady, while the Australian and New Zealand dollars were mixed. Tariffs on autos, chips, and pharmaceuticals are expected to be announced next week, potentially impacting global currency markets.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖