The Fed's would be able to curb an outbreak of inflation | 26 May 2021

26 May 2021, EUR/USD

The Fed's would be able to curb an outbreak of inflation

EURUSD trading plan:

U.S. Federal Reserve officials, including Governor Lael Brainard, Atlanta Fed President Raphael Bostic and St. Louis Fed President James Bullard, insisted that any inflation was transitory. «I think there will come a time when we can talk more about changing the parameters of monetary policy, I don't think we should do it when we're still in the pandemic, » Bullard said. Another negative surprise for the dollar on the interbank market in London - the three-month benchmark Libor rates have renewed their historical minimum. The surplus of dollar liquidity in the financial system is off the charts!

Investment idea: buy 1.2242 and take profit 1.2305.


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
David Johnson
Analyst of «FreshForex» company
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