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EUR/USD

EUR/USD shows a new weekly and monthly high after the second report on inflation in the US.

The report on wholesale inflation PPI showed a decrease in prices by -0.3% per month.

Yesterday's report showed a slowdown in retail inflation to 5% per year.

Everyone is waiting for the Fed's decision tonight - everyone expects that the rate will not change.

In July, however, a rate hike of +0.25% is expected.

We expect the euro to rise to 1.1100 or higher.

Tomorrow is the ECB, we expect a rate hike of +0.25%.