EURUSD Update: US CPI and FOMC Meeting Ahead
Updated
Jobless Claims hits the lowest level over 5 decades.
As full employment becomes a reality, the Fed will be forced to focus more on taming inflation.
Earlier rate hikes knocking at the door.
On the other hand, ECB is keeping its accommodative position.
Today's CPI data and FOMC meeting of next week will show us the path
If today's US CPI comes above 6.5, FED will be forced to take the necessary actions very soon. this will send EU down to 1.08500, by the latest Q1 2022.
As full employment becomes a reality, the Fed will be forced to focus more on taming inflation.
Earlier rate hikes knocking at the door.
On the other hand, ECB is keeping its accommodative position.
Today's CPI data and FOMC meeting of next week will show us the path
If today's US CPI comes above 6.5, FED will be forced to take the necessary actions very soon. this will send EU down to 1.08500, by the latest Q1 2022.
Note
Achieved the target
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