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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