💨 Abstract

The euro stabilized after hitting a four-month high against the dollar, with traders focusing on the European Central Bank's rate decision and outlook amid rising yields following Germany's debt overhaul. The euro is poised for its biggest weekly jump since March 2020. A quarter-point rate cut is expected, but the scope and pace of easing beyond that will be crucial.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖