EUR/USD traders getting set for FOMC minutes finale EURUSD DollarIndex Fed CentralBanks CPI
reached 1.0999, the highest since February 2, and was last at 1.0995, up 0.79% on the day with the US Dollar index, DXY last at 101.51, down 0.62% on the day.dropped sharply on Wednesday after data showed US Consumer Price Index rose less than expected in March. Traders are of the mind that the Federal Reserve is going to stop raising rates after a possible increase in May and potentially pivot before the end of the year.
data on Friday. The minutes will be from the FOMC´s March 21-22 meeting whereby the rate hike was widely viewed as dovish. Meanwhile, ahead of the minutes, Fed funds futures traders are pricing in 69% probability that the Fed will raiseEUR/USD technical analysisWith 1.1020s on the radar for the bulls, should the bears commit, however, then there will be prospects of a correction back into support near 1.0970. The FOMC minutes could be the catalyst either way.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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