While waiting for the Fed in Jackson Hole, the euro strengthened against the dollar on Wednesday. The Jackson Hole conference will provide an opportunity on Friday to listen to the President of the American Central Bank (Fed) Jerome Powell on the monetary policy of the United States.

Around 6:50 p.m. GMT, the euro advanced 0.14% to 1.1772 dollars per euro, climbing to a highest in ten days against the greenback. The same question has been plaguing the market for several months: when will the Fed deem the economic recovery robust enough or worry enough about inflation to tighten its monetary policy, which is currently ultra-accommodative? In the "Minutes" of the last meeting of the Fed, the members of the institution seemed ready to limit their program of asset purchases sooner than expected. Since the last meeting of the Central Bank's Monetary Committee, the spread of the Delta variant of Covid-19 has accelerated across the world and is weighing on growth prospects.