Geopolitics

Euro at 17-month low, dollar near pre-Liberation Day highs - StreetInsider

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DW NOTE

The euro is down against a dollar backed by $1.9 trillion in fresh deficit spending, a 5.24% ten-year yield, and a Federal Reserve that raised rates into a supply shock. "Liberation Day" is whatever rhetorical frame Washington is selling this week — the currency move reflects bond vigilantes repricing sovereign risk in real time.

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The Indian crude basket hit $123.29 per barrel last week, approaching levels recorded in March 2012, and adding 86% to the price Indian oil marketing companies pay, local media have reported, also noting the effect of a cheaper rupee. Since Indian companies pay for the oil they buy from abroad in U.

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Euro at 17-month low, dollar near pre-Liberation Day highs - StreetInsider

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