USD does not care about inflation. Forecast as of 11.08.2023

Judging by the cooling of the labor market and the inflation slowdown, the Fed officials are doing an excellent job. The monetary restriction cycle is most likely over, which should strengthen the EURUSD. Alas, the pair cannot grow. Why? Let's discuss this topic and make up a trading plan.

Weekly US dollar fundamental forecast

The US inflation report has become another obstacle for a federal funds rate hike in 2023. Annual CPI growth of 3.2% and core inflation of 4.7% were lower than Bloomberg's forecast, allowing EURUSD to meet its 1.1055 long target. However, due to the weak results of the… Read full author’s opinion and review in blog of #LiteFinance