The euro rises and the dollar recedes after the speech of the leader of a US central bank – The Economic Journal



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The euro rose against the greenback, which declined after the speech of US central bank chief Jerome Powell, who has been cautious about rising interest rates.

At 18:46 (Lisbon time), the euro was trading at 1.1362 dollar, then Tuesday at the end of the afternoon, at 1.1256 dollar.

"Interest rates are still low by historic standards, just below a level that would be neutral for the economy, without stimulating or slowing growth," Powell said in a speech. pronounced at the Economic Club of New York as a sign that the pace of rising interest rates could slow down.

At its last meeting on November 8, the Fed left its key rates unchanged, as expected, having already increased three times since the beginning of the year.

The dollar, which attracts more investors with the rise in interest rates, fell after the spread of the speech.

Currencies … today ………….

Euro / dollar …… 1.1372 ……………… ..1,1286

Euro / pound …… 0.88582 ……………… 0.88628

Euro / yen …… .129.12 ……………… .128.40

Dollar / yen …… .113.54 ……………… .113,77

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