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The Fed will remain hawkish!?

The Fed will remain hawkish!? | 12 June 2023

12 June 2023, EUR/USD

The Fed will remain hawkish!?

EURUSD trading plan:

The Fed is expected to hold rates steady at its June 13-14 meeting, but is likely to remain hawkish and indicate a probable hike in July as inflation stays above its 2% target. Data due on Tuesday is expected to show headline inflation rose at an annual rate of 4.1% in May, while core prices gained 5.3%. The greenback is largely rangebound as investors wait for clearer signs of whether the economy will remain strong and inflation elevated, or if it is headed towards a contraction. The ECB is expected to raise euro zone rates by 25 bps to 4% on Thursday.

Investment idea: buy 1.0727 and take profit 1.0785.

David Johnson
Analyst of «FreshForex» company
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