Catching up on some of the revised forecasts after Germany ditched its debt brake, ICYMI:
- Germany will set up €500 billion infrastructure fund and a special defense fund
- German bond yields surge higher after deal to loosen debt brake
Bank of America revised up their forecasts for the euro:
- now see EUR/USD reaching $1.15 by the end of 2025
- and to around $1.20 by the end of 2026

Financial Market Newsflash
Tuesday, April 22, 2025
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