💨 Abstract

On Tuesday, the euro reached a three-month high against the U.S. dollar as Germany announced plans to establish a €500 billion fund for infrastructure and defense spending, and amend the constitution to exempt defense expenditure from debt brakes. The Swiss franc, sterling, Norwegian and Swedish crowns also rose against the U.S. dollar. The euro gained further due to the prospect of a minerals deal between the U.S. and Ukraine.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖