The dollar, which had started lower, rebounded on Tuesday to reach highs against the euro and the yen as a series of central bank meetings begins this week.
Around 2:40 p.m. GMT (4:40 p.m. in Paris), the greenback rose by 0.35% to 0.9894 dollars for one euro, after reaching 0.9864 dollars, a peak since December 2002, the year the currency was put into circulation. single European.
Against the Japanese currency, the dollar gained 1.51% to 142.73 yen after climbing to 142.90 yen, its highest level since 1998. “
Recession fears around the world are boosting appetite for the dollar, even at these
“high” levels, summarizes Fawad Razaqzada, analyst at City Index.
After another positive indicator in the United States, "
investors are increasingly convinced that the Federal Reserve (Fed) will hit hard against inflation by raising its rates by 75 basis points
" at the next meeting of its monetary policy committee on September 20 and 21, he adds.
The ECB meeting will be decisive
The Reserve Bank of Australia (RBA), on Tuesday opened a series of central bank meetings due to take place this week by raising rates by 50 basis points for the fourth time in a row.
“
The RBA's statement suggests that it has finished normalizing its policy and now intends to continue its rate hikes to slow the economy
”, according to analysts at Barclays, who expect three new increases of 25 points this year.
Read alsoThe yen at its lowest since 1998 against a dollar in good shape
The Australian dollar lost 0.66% against the greenback at 1.4810 Australian dollar for one US dollar.
"
The battle continues against inflation, and central banks are ready to fight
," said Lukman Otunuga, analyst at Exinity.
After the RBA, Canada's central bank will meet on Wednesday, and "
all eyes will be on the European Central Bank the next day
."
A marked rise in rates is expected in the euro zone following the ECB meeting.