Article content SYDNEY — The dollar slid to nine-week lows on Thursday as a doggedly dovish outlook from the U.S. Federal Reserve and bold spending plans from the White House gave a green light for the global reflation trade. President Joe Biden’s push for another $1.8 trillion in spending also risked blowing out the U.S. budget and trade deficits. The twin deficits have long been an Achilles heel for the dollar. We apologize, but this video has failed to load. Try refreshing your browser, or Dollar discovers downsides of global growth, twin deficits Back to video The euro made the most of the opportunity to hit its highest since late February at $1.2148, after cracking trendline resistance around $1.2114. The break now opens the way to bull targets at $1.2196 and $1.2242.