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Exchange: The dollar rose slightly

06/05/2021
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The dollar is recovering after a slight bout of weakness. This Tuesday against the euro and the main currencies, it gained a few percentage points, helped by the rebound of the economy in the United States and by concerns about inflation

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Around 19:00 GMT, the dollar gained 0.45% to 1.2010 dollars for one euro. It also gained 0.22% against the yen and 0.15% against the pound. The greenback, despite its weakness on Monday, was supported on Tuesday by encouraging economic indicators in the United States, where the economy seems to be recovering rapidly.
Ipek Ozkardeskaya, an analyst at Swissquote, believes that “Even if the Federal Reserve (Fed) insists that its ultra-accommodative monetary policy is what is needed for the US economy at the moment, macroeconomic indicators should put the Fed in a difficult situation.”
For its part, the pound sterling fell on Tuesday, two days before the conclusions of the Bank of England's monetary policy meeting

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