💨 Abstract

The euro strengthened on Monday due to German inflation data, while the dollar remained near a one-year low. Commodity currencies rose due to optimism about China's economy, and the Japanese yen stabilized following a new prime minister's call for a snap election. Expectations of US monetary easing and a potential October rate cut by the European Central Bank have weakened the euro against most peers.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖