💨 Abstract

The euro strengthened against the US dollar on Tuesday due to Germany's conservative and Social Democratic parties proposing a 500 billion euro fund for infrastructure and defense spending, with defense expenditure above 1% of economic output being exempt from the debt brake. Additionally, the euro gained on news that the U.S. and Ukraine plan to sign a minerals deal. The euro hit a three-month high of $1.0599.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖