Euro at 17-month low, dollar near pre-Liberation Day highs - CNBC
Euro at 17-month low, dollar near pre-Liberation Day highs - CNBC
Source: CNBC
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DW NOTE
The euro is down 6% since the war started three weeks ago. The dollar is rallying not because U.S. fundamentals are strong — the deficit is up 3% year-on-year and the Fed just hiked into a supply shock — but because every other currency looks worse. Flight to safety is just flight to the least bad option.