Bloomberg Business

World Military Spending Rises to Record as Insecurity Swells

Global military spending rose to a record last year, spurred by a policy U-turn in Europe where governments boosted capabilities by the most since the end of the Cold War in the wake of Russia’s all-out invasion of Ukraine.

Traders’ Favorite Currency Risk Gauge Faces a Pivotal Week

This week may prove crucial for the currency market’s favorite sentiment gauge — the risk-sensitive Australian dollar versus the haven yen — as investors wait to see if it can finally break out of its seven-month downtrend.

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