The dollar is having a great week against other currencies. This happened after US President Donald Trump announced new tariffs. The Japanese yen fell to a four-month low. The Canadian dollar also dipped. The euro remained low due to trade issues with Washington. Despite Trump’s criticism of Federal Reserve Chair Jerome Powell, the dollar stayed strong.
Axis Bank set to raise $700 million through ECB swap facility
Axis Bank is set to secure seven hundred million dollars through a dedicated external commercial borrowing facility. This loan features two tranches with tenures of