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Currency: The dollar weakened on Wednesday

13/04/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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While the euro was supported by comments by the governor of the Banque de France that the ECB still has “some way to go” on the interest rate side, the dollar weakened on Wednesday after less marked American inflation in March.

The greenback lost 0.72% to $1,0991 per euro, around 20:45 GMT, testing the symbolic cap of $1.10 per euro for the first time since early February. The dollar has also lost momentum with the release of the minutes of the latest Federal Reserve (Fed) meeting, which showed that the institution's economists fear a “slight recession” in the United States as a result of banking difficulties.

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