May 17-21, 2021. Reaching new highs

2021-05-16

High inflation rates in the United States last week brought down major currencies.
But by the end of the week, the dollar returned to local minimums, and shows a tendency to further decline. Therefore, we can assume that the main currencies will reach new highs in the coming week.

This trend can be disrupted by a preliminary estimate of the PMI and the unemployment rate of developed countries, statistics from China, as well as the rate of the People’s Bank, which is constantly planning to tighten monetary policy.

The incidence of Covid-19 will again attract the attention of investors, this time in developed countries, where more and more restrictions are lifted as the percentage of vaccinations in the population increases. Markets will react negatively to any spike in the coronavirus epidemic.