💨 Abstract

The euro climbed on Monday as investors anticipate a potential peace deal in Ukraine and increased defense spending in the euro area. This optimism is fueled by reports that European leaders are discussing a peace plan for Ukraine to present to the U.S., and Germany is considering creating special funds for defense and infrastructure. Analysts believe these developments could boost future growth, supporting the currency. Additionally, a possible delay in U.S. tariffs on EU exports could benefit the euro.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖