💨 Abstract

The euro reached a four-month high against the U.S. dollar on Thursday following the European Central Bank's sixth rate cut in nine months and a revised higher near-term inflation forecast. The euro has gained 4.5% this week, its biggest weekly surge since 2009. Germany's increased spending, aimed at infrastructure and defense, could boost growth but also heighten price pressures.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖