Some strategists are now recommending buying the euro against the greenback. — Reuters
Berlin: For all the noise surrounding president Donald Trump’s tariffs, perhaps the most significant development for global financial markets on an exceptionally busy day yesterday was Germany’s decision to break its fiscal shackles to transform Europe’s defences.
Not only did it drive the euro to a three-month high, it sparked a sell-off in global bond markets from bund futures to US Treasuries and sent European equity contracts surging in Asian trading yesterday.
