The Euro continues falling. Overview for 22.02.2018

On Thursday, EURUSD is still being sold despite quite neutral report from the US Federal Reserve.

“Bears” continue putting pressure on EURUSD on Thursday morning. The current quote for the instrument is 1.2274.

The January FOMC Meeting Minutes report published yesterday confirmed that the regulator’s monetary policy won’t become more aggressive when it comes to the increase of the key rate in the future, although investors expected the Fed to hint at a faster increase of the benchmark rate this year that it was thought before, maybe four times instead of three.

However, the Federal Reserve said that its plans remained the same: the rate should increase, there were no doubts about it, but unstable salary dynamics and some inflation risks might prevent the regulator from being more active. In general, everything was quite expected and neutral. Nevertheless, like it was said yesterday, even confirmation of 3 revisions of the rate in 2018 provided the USD with a lot of support.

The statistics published by the USA last night also supported the American currency. The Markit Manufacturing PMI Flash increased up to 55.9 points in February after being 55.5 points the month before. The Markit Services PMI Flash skyrocketed from 53.3 points in January to 55.9 points this month.

This afternoon, one should pay attention to the ECB Monetary Policy Meeting Accounts and the US Unemployment Claims reports.

RoboForex Analytical Department