The market is caught between impressive US inflation figures and the US Central Bank (Fed) meeting this week. The dollar remained stable at the euro.

The dollar remained stable on Monday on the eve of the start of the US Central Bank meeting. Around 18:50 GMT (20:50 in Paris), the dollar was up 0.07% against the euro, to 1.2118 dollars for one euro. The dollar index, which measures the value of the greenback against a basket of other currencies, fell 0.05%. The rise in consumer prices reached 5% year-on-year in May in the United States, the highest in 13 years.

The Fed, which judges inflation temporary, has for now promised to keep rates low and maintain its asset purchase program to allow the economy battered by the Covid-19 pandemic to recover.