Euro wobbles as data paints gloomy outlook, focus on US budget

Government

LONDON :The euro wobbled on Thursday as data painted a bleak economic picture, while U.S. fiscal concerns kept the dollar pinned lower against the yen as the U.S. House passed President Donald Trump's bill for huge tax and spending cuts. Bitcoin pushed to an all-time high, partly as investors sought out alternatives to U.S. assets. Trump's sweeping tax bill, which is set to add to the country's ballooning debt pile, narrowly passed in the House of Representatives, setting the stage for weeks of

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Euro wobbles as data paints gloomy outlook, focus on US budget https://www.channelnewsasia.com/ - 22.05.2025 16:45

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Euro wobbles as data paints gloomy outlook, focus on US budget https://www.channelnewsasia.com/ - 22.05.2025 16:45