The dollar is strong against the euro this morning due to rising treasury yields, which followed the Federal Reserve’s latest monetary policy meeting yesterday.
The Federal Reserve revealed that it expects the US economy to grow much faster than initially forecast this year and also predicts a recovery in the jobs market. However, Fed Chair Jerome Powell said that policies would not be altered until there is proof of a complete recovery.
Powell said that although the recovery has been quicker than expected, “no one should be complacent.”
Jobless claims figures will be released for the US later today.
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