USD: looking for owner. Forecast as of 20.10.2023

What influences EURUSD more? Geopolitics, Fed or US Treasuries? The main currency pair fluctuated strongly, reacting to all three drivers. What's next? Let's discuss this topic and make up a trading plan.

Weekly US dollar fundamental forecast

Jerome Powell confirmed the opinion of his FOMC colleagues that the rally in Treasury yields is doing a part of the central bank's job. They say that any rate increase is aimed at tightening financial conditions, and the situation in the US Treasury bond market contributes to this. However, while investors are figuring out what is more important, monetary policy or the highest yield… Read full author’s opinion and review in blog of #LiteFinance