USD to lose status. Forecast as of 23.11.2023

Just as the Fed and other central banks' monetary tightening strengthened the US dollar, monetary expansion will weaken it. Let's discuss this topic and make up a trading plan for EURUSD.

Fundamental US dollar forecast for a year

Markets are rising on expectations. The USD strengthening in 2022-2023 was due not only to the Fed's aggressive monetary tightening but also due to expectations that massive rate hikes by central banks would slow the global economy, worsen global risk appetite, and increase demand for greenback as a safe haven currency. Simply put, the monetary restriction of the ECB and the Bank of England… Read full author’s opinion and review in blog of #LiteFinance