💨 Abstract

The euro reached a five-month high after Ukraine agreed to a 30-day ceasefire with Russia, boosting optimism for European peace. The U.S. dollar weakened against major peers, particularly the Canadian dollar, due to increased tariffs on Canadian imports by President Trump. The U.S.-Canada trade dispute and growing concerns about U.S. equities and German yields contributed to the dollar's decline.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖