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Reuters

Reuters

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World

Morning Bid: Dollar 'smile' looks lopsided

Reuters
Summary
Nutrition label

72% Informative

Europe 's stocks and the euro have surged again on the extraordinary news that Germany is ready to take its foot off its debt brake, re-arm and plan half a trillion euros of funding for infrastructure.

The combination of European and Chinese stimulus with hopes for some relief on the tariff front has lifted world stocks and helped ailing U.S. stock futures perk up ahead of Thursday 's bell.

Deutsche Bank's top currency strategist George Saravelos reckons it's hard to overstate the scale of the global political and trade rethink this week .

He noted the highest average U.S. tariff rate since the collapse of the Bretton Woods fixed exchange rate era in the early 1970s is coming just as severe damage to the transatlantic military alliance is forcing Germany and Europe to plan billions of euros worth of defence and infrastructure spending.

VR Score

82

Informative language

88

Neutral language

31

Article tone

formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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