The USD reached its highest level in nearly 10 months, so with other currencies, there was a time when the light was 106 during the trading session, after the US Federal Reserve (Fed) announced that it could further increase interest rates and possibly the ability to maintain higher interest rates for longer periods of time.
While the Fed remains heavily dependent on economic data and each policy meeting, the ECB has essentially signaled that it is in the final stages of its monetary policy tightening cycle.
ECB President Christine Lagarde said that the ECB's record high deposit interest rate could help bring inflation down to the 2% target, while emphasizing the possibility that the Fed will raise interest rates further.
While the Fed remains heavily dependent on economic data and each policy meeting, the ECB has essentially signaled that it is in the final stages of its monetary policy tightening cycle.
ECB President Christine Lagarde said that the ECB's record high deposit interest rate could help bring inflation down to the 2% target, while emphasizing the possibility that the Fed will raise interest rates further.
