EUR/USD scales above 1.0620 as investors shrug off Fed minutes-inspired volatility EURUSD Fed ECB RiskAppetite SEO
The market mood could dampen as geopolitical tensions have not eased yet. China's top diplomat Wang Yi said on Wednesday that they are ready to deepen strategic cooperation with Russia, as reported by Reuters. He further added, "Our relations will not succumb to pressure from third countries.
is insufficient to infuse confidence among the Federal Reserve policymakers that inflation will come down in an expected manner.and other policymakers believe that the upbeat labor market and a recovery in the January Retail Sales data could trigger a revival in the US CPI ahead. The FOMC minutes conveyed that two policymakers Cleveland Fed President Loretta Mester and St. Louis Fed President James Bullard were not in favor of slicing the extent of the interest rate hikes again.
Meanwhile, Goldman Sachs has come forward with an interest rate projection for the European Central Bank. The investment banking firm said in addition to an increase of 50 basis points in March and 25 basis points in May, it was estimating a 25 basis-point hike in June.
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