At the end of last week, it was speech of the heads of regional Fed banks, who announced that vaccination of the population in the United States would be slow in the first half of the year due to problems with vaccine production.
In the second half of the year, production processes will be established, and it can be expected that most of the US population will be vaccinated.

Against this background, Fed heads expect strong inflation and GDP growth between July and December. Thus, the Fed’s management is inclined to believe that it is advisable to maintain the current monetary policy until the end of the year: to keep the interest rate at 0.125% and to buy $80 billion of treasury bonds every month.

Investment idea: Buy 1.3550 / 1.3530 and take profit 1.3610.