Reported 1 day ago
The U.S. dollar faltered as worries over a major tax and spending bill intensified concerns regarding U.S. debt, with investor confidence in American assets diminishing. The euro gained after President Trump postponed tariffs on Europe, while the yen rose amid potential interest rate hikes by the Bank of Japan. As the U.S. Senate prepares to debate the tax-cut bill that could worsen the nation's debt by approximately $3.8 trillion in the next decade, market analysts express pessimism about the global economic outlook.
Source: YAHOO