The dollar rose against the
euro on Wednesday after minutes of the last Fed meeting showed
officials acknowledging disappointment over recent inflation
readings, while the pound held its gains after. -May 22, 2024 at 03:32 pm EDT
- MarketScreener
The dollar strengthened against the euro following Fed minutes showing cautious inflation outlook, while the pound rose after UK PM Rishi Sunak announced a general election for July 4. The Fed and BoE face inflation challenges, impacting currency and rate expectations. Cryptocurrencies saw mixed reactions.
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