The Analytical Overview of the Main Currency Pairs on 2021.0 | Justforex
The Analytical Overview of the Main Currency Pairs on 2021.03.18
On Wednesday, the dollar index fell after Fed Chairman Jerome Powell said that there was no need to change monetary policy direction in conditions of rising government bond yields. The yield on 2-year US bonds fell to 0.13%. At the same time, the forecast for economic growth was raised. Inflation is expected to rise by 2.4%, the GDP by 6.4%. The unemployment rate will drop to 4.5% this year. The dollar index is still holding above the SMA 100 moving average on the daily chart, indicating an upward bias in the long term.
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