Dollar Rises: Latest Updates on Currency Markets and Exchange Rates

2023-11-22 16:12:00

Currencies: the dollar rises once morest the main currencies

The dollar recovered slightly once morest the main currencies on Wednesday November 22, somewhat buoyed by the comments of the American Federal Reserve (Fed) during its last meeting, which considers that its rates must remain high for a prolonged period.

the state in which of the ECB”>>> The euro in very slight decline once morest the dollar following the status quo of the ECB

>> Commodities: gold is close to the 2,000 USD per ounce mark

This morning, the greenback rose somewhat once morest the euro, which lost 0.07% to 1.0903 dollars, and once morest the British pound, which fell 0.06% to 1.2530 dollars. According to the report, or “minutes”, of the last meeting of the Fed, “the prospect of a further tightening (of rates, editor’s note) is maintained”, but “in view of the current evolution of the dollar and prices market, investors seem very unconvinced that a further tightening is coming,” analysts say. “All Fed officials considered that it would be appropriate to maintain a restrictive (monetary) policy for a certain period of time” to ensure that inflation comes close to its target of 2%, according to the minutes of the Fed’s October 31 and November 1 meeting, published Tuesday, November 21. The pound also remained stable once morest the euro, at 87.01 pence, with traders awaiting budgetary announcements from British Finance Minister Jeremy Hunt on Wednesday, November 22, who is preparing to announce tax cuts.

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