USD didn't outwit markets. Forecast as of 22.06.2023

Markets feared Jerome Powell's hawkish speech, and when it didn't happen, EURUSD rallied again. The Fed chairman does not know when the federal funds rate will stop moving, which is bad for the dollar. Let's discuss this topic and make up a trading plan.

Weekly US dollar fundamental forecast

Jerome Powell failed to outwit the financial markets. Investors know the Fed's desire to avoid a recession while suppressing inflation and go down in history as a winner. Forex was worried that the Fed chairman would indicate his intention to raise the federal funds rate to 5.75%. However, he did not do… Read full author’s opinion and review in blog of #LiteFinance