Euro Reaches Four-Month High as Dollar Weakens Amid German Spending and Tariff Suspension

Reported about 14 hours ago

The euro rose to a four-month high against the U.S. dollar, buoyed by Germany's €500 billion infrastructure plan and increased borrowing limits, while the dollar languished near a four-month low following a temporary exemption on auto import tariffs from the Trump administration. The sterling and Australian dollar also gained, benefiting from the favorable European market developments and a positive economic outlook in China.

Source: YAHOO

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