💨 Abstract

The euro rebounded from a 2-1/2 week low against the dollar on Monday, boosted by a renewed push for peace in Ukraine and possible increased defense spending in the euro area. The U.S. dollar index eased as European leaders agreed to draw up a peace plan for Ukraine. Analysts believe a peace deal in Ukraine and increased fiscal spending by eurozone countries could boost future growth, supporting the euro.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖