The Fed's words reassure investors
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.
The FED declared this week that it is maintaining its accommodative monetary policy, reassuring investors.
The institution believes that the economy is not fully recovered from the health crisis given the decline of tertiary activity’s ISM index to 60.1 in June against a consensus of 63.5. Also, new job vacancies in May were below expectations, stagnating from the previous month at 9.2 million.