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Foreign exchange market: The dollar advances against the euro

14/07/2021
Categories: Economy/Forex

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Before US inflation, the dollar appreciated slightly against the single European currency on Tuesday. However, the currency market remains “in wait-and-see mode”.

Currencies are not waiting for the publication of inflation figures in the United States eagerly awaited by traders. The US Dollar posted modest gains during the first part of Tuesday's session. Around 09:15 GMT (11:15 a.m. in Paris), the euro lost 0.15% against the greenback, at 1.1843 dollars for one euro. The consumer price index (CPI) in the United States, which will be published later in the day, is particularly scrutinized by players in the currency market. An acceleration of inflation pushes traders to wonder if the institution will not tighten its monetary policy, which would make the dollar more attractive.

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