EURUSD rate forecast euro to dollar today 01/15/2021
The head of the FRS announced yesterday that the time for raising interest rates in the United States will not come "soon." The regulator will inform in advance about the curtailment of the purchase of assets, dispelling assumptions about the imminent start of the reduction of incentives. According to Powell, the economy is far from the goals of the Fed, so he sees no reason to change the ultra-soft policy, "until the job is fully and certainly done." This is a negative signal for the US dollar, as rising inflation in the United States makes the dollar less attractive to investors. The effective federal funds rate in the United States is now 0.08%, which, given an inflation rate of 1.4%, makes investment in the American money market meaningless.
EURUSD investment idea: Buy 1.2140 / 1.2120 and take profit 1.2210