INTERNATIONAL HIGHLIGHTS
The US dollar penalized by the FED
The dollar traded lower against its main counterparts in connection with the latest announcements from the Fed at its last monetary policy meeting. EUR/USD hit its highest since July of 1.189 vs. 1.177 a week ago.
The Fed would continue its accommodative policy, believing that the current rise in inflation is of a oneoff nature. Thus, no decision was taken regarding the timing of its reduction in asset purchases. According to the institution, the US economy has still not made visible progress regarding its price stability and employment targets.
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Sur le même thème
MAD Insights - july 28th, 2021
The European currency remains under pressure this week and continues its decline against the dollar; i.e. -0.30%, from 1.181 to 1.177.
MAD Insights - july 23th, 2021
The single currency continues to decline this week amid growing fears around the spread of the Delta variant in several countries.
MAD Insights - july 15th, 2021
At the end of this week, EUR/USD stabilizes at last week’s level of 1.188. As a reminder, it fell below 1.18 during the week, reaching its lowest since April 2021.
