EUR/USD Fundamental analysis
The major pairs were held within a narrow range amid a lack of important macroeconomic statistics publication on Monday. The two FOMC representatives - Charles Plosser and Dennis Lockhart made a performance late in the evening. First one traditionally favors the monetary - credit policy tightening - this time he announced opinion that the federal funds rate should be at the level of 1%at the end of this year, and if the Fed continues to keep signaling the markets on the cheap money policy continuation - it would cause a negative trends in the economy.
Lockhart on the contrary said that inflation was at a low level for a long time and it is more reasonable to leave interest rates near the zero until mid-2015. As we can see - the Fed debate on monetary - credit policy changes continues and it will only grow in autumn.