💨 Abstract

The euro strengthened on Friday as Germany appeared closer to approving a substantial fiscal package, boosting prospects for defense spending and growth. The deal, between Chancellor-in-waiting Friedrich Merz and the Greens, involves a 500 billion euro fund for infrastructure and changes to borrowing rules. The yen weakened after union wage talks in Japan concluded, while the pound edged lower due to weak British economic growth.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖