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Currency: The dollar gains 0.39%

20/05/2021
Categories: Index/Markets

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The dollar regained strength against the euro on Wednesday after a report of the last meeting of the Fed. The debate opens on a moderation of asset purchases by the US central bank.

The greenback had reached its lowest level since the start of the year against the European currency. But this Wednesday, around 7:30 p.m. GMT, the dollar gained 0.39% to 1.2174 dollars for one euro, after falling before the publication of the Fed's minutes to 1.2245 dollars, a lowest for more than five month.

According to the minutes of the Monetary Committee (FOMC) of April 28, some Fed officials are beginning to wonder if it will not soon be time to consider a plan to reduce purchases of Treasuries and other assets by the Central Bank, if the US economy continues to improve at this rate.

Currency traders will pay close attention to the FED's 'minutes' (minutes of the last meeting of the monetary policy committee, or FOMC).

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