Dollar rises before the US Central Bank meeting


The dollar rose against a basket of currencies on Wednesday as markets awaited comments by Federal Reserve Chairman Jerome Powell, who is likely to renew his commitment to the ultra-easy policy.
The dollar compensated for declines against riskier currencies, even as hopes for a pandemic recovery received a boost from the International Monetary Fund raising its forecast for global growth in 2021.Treasury yields, which have supported the dollar’s ​​rally since the beginning of this year, fell overnight in light of warnings of final size and delays facing a $ 1.9 trillion fiscal stimulus plan proposed by President Joe Biden.

The dollar index rose 0.1% to 90.284 today in Europe, after falling 0.2% in the previous session.

The pound rose to its highest level since April 2018 to $ 1.3753, before dropping slightly in trading to $ 1.3724.

The euro fell 0.1% to $ 1.2146.


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