USD: geopolitical problems. Forecast as of 10.10.2023
The tragedy in Israel should have supported the US dollar's status as a safe-haven asset. However, it resulted in a decline in US Treasury yields, which strengthened EURUSD. Let's discuss this topic and make up a trading plan.
Weekly US dollar fundamental forecast
The Fed's job appears to be done. Despite a potential acceleration in inflation due to higher oil prices, the rapid rally in Treasury yields is tightening financial conditions. As a result, the market does all the dirty work for the central bank. However, selling off Treasuries doesn't make much sense unless the federal funds rate is raised. On the… Read full author’s opinion and review in blog of #LiteFinance
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