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5/21/2021 3:14:18 PM GMT Central bankers struggle between economic progress and high levels of uncertainty. Steady growth should fuel inflationary concerns and hurt the dollar further. EUR/USD bullish potential remains intact, market players eyeing 1.2349, the year’s high. The EUR/USD pair trades above 1.2200, as the greenback fell this past week, on the back of speculation that the US Federal Reserve will have to tighten its ultra-loose monetary policy sooner than anticipated. Fed chief Jerome Powell has repeated multiple times that the current policy will remain in place until they see “substantial further progress” toward its goals of full employment and price stability.

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