Oliver Mangan: Federal Reserve shifts the focus onto US jobs and away from inflation

The Fed has a dual mandate of maintaining stable prices while maximising employment, writes Oliver Mangan

Federal Reserve chairman Jerome Powell is driving the biggest policy shift since the early 1980s

The euro briefly tested the key strong resistance point of $1.20 last week as the dollar came under further pressure following the US Federal Reserve’s move to a more accommodative monetary policy framework.

The fact that this support level held for the dollar is testimony to its strength and durability.