Following several comments from Fed members raising doubts about the need for further monetary tightening before the end of the year, the dollar is falling today against the euro and the pound sterling.

The dollar fell by 0.34% to 1.0604 dollars per euro, and lost 0.20% against the pound to 1.2263 dollars per pound around 09:15 GMT (11:15 in Paris). According to Lee Hardman, an analyst at MUFG, “Fed officials indicated at the beginning of the week that the strong rise in American (Treasury bond) yields, if continued, would discourage the institution from raising the rate later in the year.” For the latter, the American dollar, the Swiss franc and the yen were first boosted on Monday “by the demand for safe havens in response to the conflict between Hamas and Israel