USD: full of contradictions. Forecast as of 28.09.2023

While Democrats and Republicans cannot agree in Congress, the EURUSD continues to fall. However, what happens if the American government shuts down for a long time? Let's discuss this topic and make up a trading plan.

Weekly US dollar fundamental forecast

The rise in oil prices to annual highs, a strong US economy, and a rapid rally in the yield of 10-year Treasury bonds reached 4.6% (the highest level since 2007). What could be better for the US dollar? EURUSD reached another short target at 1.051. It's hard to say what can at least slow down the bears' pace. Perhaps German inflation data?

Dynamics… Read full author’s opinion and review in blog of #LiteFinance