No important events are expected today.

Inflation in the US has updated its maximum since 1981, which led to a change in the dynamics of the futures on the US Federal Reserve rate. Now the futures market is waiting for a rate increase of 0.5% not only at meetings in June and July, but also in September. Thus, by the end of Q3, the Fed’s discount rate may reach 2.5%. The ECB last Thursday also promised to raise interest rates and plans to raise the rate to 0.5% by the end of Q3.

If now the interest rate differential of the two world’s leading central banks is 1%, then in 3.5 months the figure will increase 3 times. While the ECB is only thinking about changing monetary policy, the Fed is already in action. This situation leaves investors no choice but to buy the US currency on corrections.

Recommendations: Selling 1.0520/1.0545 with TP 1.0462.