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Find all the economic and financial information on our Orishas Direct application to download on Play StoreLONDON (Agefi-Dow Jones)--The Dollar is likely to remain supported by speculation that the Federal Reserve (Fed) may be tapering ("tapering") its asset purchases due to the expected increase in fiscal stimulus under the Biden administration, says Commerzbank. "Although the Fed's first rate hike is still a long way off, additional aid from the US administration should fuel the economic recovery in the United States and thus recent speculation that the central bank may reduce its purchases. assets by the end of 2021," said You-Na Park-Heger, currency analyst at Commerzbank. Speculation is likely to continue for the next few weeks, she adds. The euro lost 0.3% to 1.2173 dollars.
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