USD: million-dollar question. Forecast as of 24.08.2023

EURUSD seriously fluctuated ahead of Jerome Powell's speech in Jackson Hole. The reason was the disappointing eurozone and US PMI data. Let's discuss this topic and make up a trading plan.

Weekly US dollar fundamental forecast

Surprisingly weak eurozone and US PMI data showed that the Fed could stop the monetary restriction cycle and the ECB could raise its deposit rate in September. The derivatives market gives a 52% chance of a rate increase from 3.75% to 4% after serious EURUSD fluctuations.

The US dollar got off to a strong start thanks to the collapse of the Eurozone PMI to a 33-month… Read full author’s opinion and review in blog of #LiteFinance