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Currency: The euro gains 0.08% against the dollar

12/02/2021
Categories: Index/Markets

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This Thursday, February 11, 2021, the euro remained stable against the dollar. Around 10:25 a.m. GMT (11:25 a.m. in Paris), the euro gained 0.08% against the dollar at 1.2128 dollars for one euro.

In a calm market, the US Federal Reserve (Fed) would maintain its very accommodating monetary policy. The dollar index, which compares the greenback to other major currencies, remained stable after four consecutive sessions of decline. While US inflation remains low
"With Joe Biden's promise of a $1.9 trillion stimulus package, the pressure is likely to intensify" on the dollar, warns Ipek Ozkardeskaya, analyst at SwissQuote.
Inflation in the United States was 0.3% in January over one month. Fed Chairman Jerome Powell said on Wednesday that the Fed would maintain its accommodative policy and that the US job market could take "years" to return to full employment.

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