CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Evans supports the dollar's position

18:01 10 August 2022

Lower-than-expected inflation in the U.S. caused the dollar to sell off today. However, it appears that this may not change the stance from the Fed. Evans is known for his rather dovish stance, and in his statement he indicated that he sees a rate level of 3.25-3.5% this year, and 3.75-4.0% by the end of next year. This would mean that the Fed is still a long way from seeing signs of slowing inflation. 

Evans also points out that labor market data can be misleading in terms of assessing inflation, while the stock market says nothing about when inflation might fall. Moreover, he believes that the market may be misjudging that the Fed may hover too far. 

Start investing today or test a free demo

Open real account Try demo Download mobile app Download mobile app

EURUSD broke above the key barrier of 1.0250 and reached close to 1.0400. However, Evans' words reduced investors' optimism. Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back