USD: not so stable as it seems. Forecast as of 23.10.2023

The rally in Treasury yields is no longer supporting EURUSD bears. There are reasons for this. Investors are worried about US financial insolvency, a political crisis and a rating downgrade. Let's discuss this topic, and make up a trading plan.

Weekly US dollar fundamental forecast

Fiscal profligacy. This is the main reason that the US economy is so resilient against the Fed's aggressive monetary restrictions. At the end of the 2023 fiscal year, the US budget deficit jumped by 23% to $1.7 trillion (the third highest in history). It amounted to 6.3% of GDP. In 2022 it was 5.3% of GDP…. Read full author’s opinion and review in blog of #LiteFinance