Important events today:

18:00 UTC – US: publication of Fed meeting minutes.

The US Federal Reserve will publish the minutes of its latest meeting in the evening, where it may indicate the need for further interest rate hikes as inflation risks continue to dominate the economy.

FRB New York on the eve recorded an increase in inflation expectations of the population – the indicator is growing for the second month in a row and reached 3.7%, while the consumer price index is usually lower than inflation expectations, so tomorrow we may not see a decline in inflation, as the market expects, which is favourable for the dollar, as conversations about the need to further increase interest rates will begin again.

Recommendations: flat 1.2220 – 1.2330.