The dollar is climbing after the Fed's inflation projections. The market's expectation of a rise in American policy rates tends to favor the greenback, which becomes more profitable when the rent of money

The dollar rose against the euro on Wednesday after the US Central Bank (Fed) revised its inflation forecast for 2021 upward and the institution announced its intention to raise policy rates twice in 2023. Around 19:30 GMT (21:30 in Paris), the dollar jumped by 0.92% against the single European currency, to $1.2015

The dollar index, which measures the value of the greenback against a basket of other currencies, rose 0.75%. The Fed certainly did not touch its rates, currently between 0% and 0.25%, but said it planned to raise them twice in 2023 to adapt to the return of growth in the United States