Dollar won’t play into open. Forecast as of 24.07.2023

Following rate hikes in July, the Fed or the ECB will hardly signal their future steps. This will deprive them of flexibility if the inflation rate does not meet the expectation. Let us discuss the Forex outlook and make up a EURUSD trading plan.

Weekly US dollar fundamental forecast

The EURUSD, following the best weekly rally over the past six months, has crashed. History shows that the US dollar usually rises until the Fed funds rate peaks, after which it is being sold off. The inflation slowdown to 3% convinced investors that the peak is near. However, does the Fed… Read full author’s opinion and review in blog of #LiteFinance