Dollar Weakens As Economic Concerns Rise; Euro Gains Favor

Reported about 22 hours ago

The dollar is nearing a five-month low against the euro due to concerns over U.S. economic policies under President Trump, which have created a cautious atmosphere among investors. The euro has strengthened amidst expectations of a German fiscal agreement, rising 0.4% to $1.0923. Analysts have adjusted their forecasts, anticipating the euro to reach $1.13 by year-end, while the Federal Reserve and other central banks are expected to hold interest rates steady amid ongoing economic uncertainty.

Source: YAHOO

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