Dollar is confused. Forecast as of 26.07.2023

Investors usually go with the Fed. That is why, if traders do not understand what is going on in the markets, they wait for the Fed’s explanations. Let us discuss the Forex outlook and make up a EURUSD trading plan.

Fundamental US dollar forecast today

The market has been unpredictable during 2023, confusing investors and central banks. The stock and bond markets send completely opposite signals. The IMF raises its forecast for global GDP, but economists expect a recession. Inflation is slowing down amid a strong labor market. Naturally, investors are confused. They are waiting for the Fed’s guidance.

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