EURUSD Sell Pressure after FOMC Minutes

23 May

At the meeting on May 1st, interest rates were left unchanged. The minutes of that meeting have been shared. They discussed that inflation in the first three months exceeded expectations and reaching the target of 2%, as known, may take longer than expected. Therefore, they shared that they are considering keeping interest rates stable for a while longer.

Additionally, they mentioned that geopolitical events are pushing prices upwards, so we should not rush to cut interest rates. Hence, selling pressure emerged.


2.35 RRR is quite nice for EURUSD for now