💨 Abstract

The U.S. dollar dipped against major currencies on Thursday due to slower-than-expected U.S. economic growth, rising inflation, and an interest rate cut by the European Central Bank. The ECB cut borrowing costs by 25 basis points, with markets expecting further cuts. The dollar weakened against the Japanese yen and Swiss franc, while the euro and sterling strengthened slightly.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖