Against a basket of currencies, the dollar was up slightly on Monday. The Fed was going to have to tighten its monetary policy, which is currently very flexible. In a foreign exchange market hesitant about the outlook for the monetary policy of the American Central Bank (Fed), the dollar rose slightly.

Around 8:15 p.m. GMT, the dollar gained 0.25% against the euro, to 1.2045 dollars. The dollar index, which compares the greenback to a basket of other major currencies, rose to its highest level in three weeks.
Last week, bond market rates had traders betting that the Fed would have to tighten monetary policy to make the dollar more attractive.

"The market is probably going to want to test the resolve of the Fed," commented Markets.com analyst Neil Wilson.
The Governor of the Banque de France, François Villeroy de Galhau, meanwhile warned that "if and when inflation reappears, central banks will have to be able to normalize" their policy. He warned to be careful "to act too late or too little, for political or short-term reasons”.