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The inflation pressures building

The inflation pressures building | 28 Februari 2022

28 Februari 2022, EUR/USD

The inflation pressures building

EURUSD trading plan:

European Central Bank policymakers remain open to accelerating their exit from bond buys even as the war in Ukraine raises uncertainty, and their biggest debate may be whether to put a firm end-date on the stimulus scheme. With inflation pressures building faster than expected, the ECB had been all but certain to signal the end of bond purchases at its March 10 meeting. But the war in Ukraine has thrown those plans into turmoil, prompting policymakers to reassess the outlook. Inflation is higher and broader. And it's no longer just energy, but food prices, too. Russia and Ukraine are both major grain exporters and the conflict risks pushing up food price inflation further.

Investment idea: range 1.1130 -1.1226.

David Johnson
Analyst of «FreshForex» company
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