USD's three enemies. Forecast as of 06.11.2023

The Treasury rally to 5% was unfavorable for both the Ministry of Finance and the Federal Reserve. Their coordinated intervention, together with weak employment data, changed the situation. Let's discuss this topic and make up a trading plan for EURUSD.

Weekly US dollar fundamental forecast

After the Treasury announced a smaller scale of bond issuance, it seemed that the Ministry of Finance became more loyal to investors. This was caused, among other things, by Jerome Powell's statement about tightening financial conditions, triggered by the Treasury rally. Finally, at the end of the week, weak US employment data allowed securities to achieve… Read full author’s opinion and review in blog of #LiteFinance