The dollar shoots up against all currencies, pulverizes all resistance, especially against the Euro and the pound. The greenback is benefiting from the rapid rise in interest rates since the US Federal Reserve signaled its intention to start reducing its exceptional support to the markets, put in place to fight against Covid-19.

The greenback, which gained 0.4% (to 112.00) against the Yen, gained +2.7% in 6 sessions. Against the Euro, the turning point that began on 09/28 on the FOREX becomes decisive on 09/29 since the Euro is resolutely sinking below the MT floor of 1.1675/$ on August 19 and 20, then pulverizes in the stride the summer low of 1.1625. Around 9 a.m. GMT (11 a.m. in Paris), the euro lost 0.14% to 1.1667 dollars. Around 07:15 GMT, it fell to 1.1657 dollars, a level not seen for ten months and the election of Joe Biden.

The pound also continued to fall against the dollar: the British currency lost 0.14% to 1.3508 dollars for one pound, a few moments after reaching 1.3505 dollars, its lowest since January 2021. The Dollar Index also crossed a major technical cap, that of 93.7 tested on August 20 and settled around 94.3: the next target is very close because it is 94.75, the resistance of 09/20/2020.