INTERNATIONAL HIGHLIGHTS
The Fed's caution is still in order
The euro is gaining ground against the dollar this week, appreciating 0.83% to 1.1795. The greenback was penalized by a lower than expected PMI index in the United States.
At the central bankers' meeting in Jackson Hole, the Fed chairman confirmed his intention to start cutting back on its asset buybacks by the end of the year.
Nonetheless, the Fed has yet to come to a conclusion on a specific timeframe in a context marked by the spread of the Delta variant.
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