Dollar rating downgraded. Forecast as of 02.08.2023

Rating agency Fitch downgraded the US government's top credit rating, risking to provoke turmoil in financial markets, just like in 2011, when Standard & Poor’s stripped the United States of its triple-A rating. Let us discuss the Forex outlook and make up a EURUSD trading plan.

Weekly US dollar fundamental forecast

With great power comes great responsibility. This is true for both the main reserve currency, the US dollar, and $25 trillion in US Treasury bonds, suggesting near-risk-free returns. In this regard, Fitch's downgrade of the US credit rating from AAA to AA+ shocked financial markets. However, not as much… Read full author’s opinion and review in blog of #LiteFinance