USD is wary but profitable. Forecast as of 09.08.2023

Deteriorating global risk appetite, disturbing Chinese data, and slowing inflation expectations in the eurozone put pressure on EURUSD. However, only US inflation data will determine the further pair's movement. Let's discuss this topic and make up a trading plan.

Weekly US dollar fundamental forecast

Fear has returned to the markets. Moody's decision to cut the credit ratings of ten US banks offset the success of US stock indices at the start of the week and worsened global risk appetite. The 10-year Treasury yield fell below 4% for some time. This should have weakened the EURUSD bears. However, in fact, the US… Read full author’s opinion and review in blog of #LiteFinance