💨 Abstract

Amid an escalating trade war initiated by the US, investors turned risk-averse on Thursday, causing the safe-haven yen and Swiss franc to climb while the dollar slumped against most currencies. The dollar trimmed losses after Trump exempted Canada and Mexico from tariffs for a month. The euro touched a four-month peak against the dollar after the European Central Bank cut interest rates and revised higher its inflation forecast.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖