The dollar is rising after the Fed's inflation projections. The market's anticipation of a rise in US policy rates tends to favour the greenback, which becomes more remunerative when the rent of money rises.

The dollar rose on Wednesday against the euro after the US Central Bank (Fed) revised upwards its inflation forecast for 2021 and the institution announced its intention to raise its key rates twice in 2023. Around 19:30 GMT (21:30 in Paris), the dollar jumped 0.92% against the european single currency, to 1.2015 dollars per euro.

The dollar index, which measures the value of the greenback against a basket of other currencies, rose 0.75%. The Fed has certainly not touched its rates, currently in the range between 0% and 0.25%, but has said that it plans to raise them twice in 2023 to adapt to the return of growth in the United States.