💨 Abstract

The US dollar weakened on Thursday as investors grew increasingly risk-averse due to the ongoing trade war, with the safe-haven yen and Swiss franc advancing. The dollar fell 0.9% against the yen and 0.9% against the Swiss franc. The euro gained 4% so far this week, reaching a four-month high against the dollar, after the European Central Bank cut interest rates and raised its inflation forecast.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖