Week Ahead - EURUSD May 22nd, 2022

Events:

EUR - Manufacturing PMI (expect a EUR reaction if we get a number below 52 or above 57.)
EUR - 12 ECB Speakers
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US - FOMC Minute
US - core PCE Inflation
US - FED Speakers

FED is expected to raise interest rates by 50bp at the next meeting. Keep an eye out for dovish members warming up to the idea of a 75bp hike instead. Doves turning more hawkish.