Euro Rises as German Fiscal Deal Boosts Optimism; Dollar Weakens

Euro Rises as German Fiscal Deal Boosts Optimism; Dollar Weakens

ByAradhana

The euro strengthened on Friday following news that German political parties had reached a fiscal agreement that could boost defence spending and stimulate economic growth in Europe’s largest economy. Meanwhile, the U.S. dollar weakened against the euro but gained ground against the Swiss franc and Japanese yen, supported by optimism that the U.S. government will…

Australian, New Zealand Dollars Hit Post-COVID Lows Against Euro Amid Ukraine Ceasefire Talks

Australian, New Zealand Dollars Hit Post-COVID Lows Against Euro Amid Ukraine Ceasefire Talks

ByAradhana

Singapore, March 12 (Reuters): The Australian dollar (AUD) and New Zealand dollar (NZD) slid to their lowest levels against the euro since the COVID-19 pandemic, as Ukraine agreed to a U.S.-proposed ceasefire, potentially marking a step toward peace. The euro surged to A$1.7418, its highest level since April 2020, and NZ$1.9167, the strongest since March…