💨 Abstract

The euro dropped on Friday after a contentious meeting between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump, dampening hopes for a near-term peace deal in the Ukraine-Russia conflict. The U.S. dollar initially weakened due to a flat inflation reading and unexpected decline in consumer spending but later strengthened as expectations for a Federal Reserve rate cut increased.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖