EURUSD: Waiting for information from Fed
The Federal Reserve maintains its hawkish tone. The US dollar saw a slight dip on Monday but still retained its fundamental strength, as recent US data showed a resilient economy, with consumer inflation rising by 0.6% compared to the previous month, the largest increase since June 2022, due to higher gasoline prices.
The Federal Reserve is widely expected to keep interest rates unchanged when announcing its latest decision on Wednesday, but it is also likely to maintain a hawkish stance, signaling the possibility of at least one more rate hike this year.
Analysts at ING wrote in a note: "Concerns about inflation persist, and the economic recovery suggests that the Fed will continue to signal the possibility of one final rate hike, even if we believe it may not succeed."
The Federal Reserve maintains its hawkish tone. The US dollar saw a slight dip on Monday but still retained its fundamental strength, as recent US data showed a resilient economy, with consumer inflation rising by 0.6% compared to the previous month, the largest increase since June 2022, due to higher gasoline prices.
The Federal Reserve is widely expected to keep interest rates unchanged when announcing its latest decision on Wednesday, but it is also likely to maintain a hawkish stance, signaling the possibility of at least one more rate hike this year.
Analysts at ING wrote in a note: "Concerns about inflation persist, and the economic recovery suggests that the Fed will continue to signal the possibility of one final rate hike, even if we believe it may not succeed."
The Federal Reserve is widely expected to keep interest rates unchanged when announcing its latest decision on Wednesday, but it is also likely to maintain a hawkish stance, signaling the possibility of at least one more rate hike this year.
Analysts at ING wrote in a note: "Concerns about inflation persist, and the economic recovery suggests that the Fed will continue to signal the possibility of one final rate hike, even if we believe it may not succeed."
The Federal Reserve maintains its hawkish tone. The US dollar saw a slight dip on Monday but still retained its fundamental strength, as recent US data showed a resilient economy, with consumer inflation rising by 0.6% compared to the previous month, the largest increase since June 2022, due to higher gasoline prices.
The Federal Reserve is widely expected to keep interest rates unchanged when announcing its latest decision on Wednesday, but it is also likely to maintain a hawkish stance, signaling the possibility of at least one more rate hike this year.
Analysts at ING wrote in a note: "Concerns about inflation persist, and the economic recovery suggests that the Fed will continue to signal the possibility of one final rate hike, even if we believe it may not succeed."
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