The euro/dollar

The main CURRENCY pair is TRADING at a fairly neutral level, although investors have reasons to be nervous - for example, during the speech by Fed Yellen.

The euro/dollar remains within the medium-term TRADING RANGE. The main trades in the instrument now extend around the 1.1365 mark, and this is a good achievement for the European CURRENCY.

Yesterday’s speech by the head of the Federal Reserve System in Congress has once again confirmed what she previously uttered in front of the members of the US Senate: the regulator has no clear defined timeframes for increasing the rate. This will be done only when the consumer price index and wage dynamics will allow it.

At the same time, the markets once again confirmed that at every meeting the Fed is actively discussing the issue of the rate. This point is just worth bearing in mind, but do not rely on it in the TRADING decisions before the next meeting of the Monetary Committee.

Today, investors will wait for the updated inflation data, as well as statistics on orders for durable goods in the United States. In addition, data on the index of housing prices will come out. All this together can affect the position of the main CURRENCY pair.