The dollar weakened before the Fed meeting. It has lost 2.5% since the end of March, while the Fed has repeatedly said that the inflation accompanying the post-Covid recovery should only be temporary.

The greenback fell 2.5% compared to its 2021 highs, recorded at the end of March, against a basket of reference currencies. The Federal Reserve, which meets on Tuesday and Wednesday, is not expected to signal a tightening of its monetary policy at this stage, despite the strength of the ongoing economic recovery in the United

On Monday evening, the dollar index calculated by the ICE (Intercontinental Exchange), which measures its evolution against a basket composed of the euro, the pound sterling, the yen, the Canadian dollar, the Swiss franc and the Swedish krona, fell 0.03% to 90.83 points against 93.25 pts on 30 March last year (-2.5%). The greenback is now only gaining 1% compared to the start of the year. For its part, the euro fell 0.06% to $1,2092 on the interbank market in New York on Monday evening

On the bond markets, the yield on the 10-year American T-Bond stood at 1.56% on Monday evening and the “30 years” at 2.24%, up by one basis point, compared to 1.76% and 2.49% respectively at their March highs.