USD: showed who's boss. Forecast as of 13.10.2023

The six-day EURUSD rally gave way to the best daily dynamics of the USD index in the last five years after the release of US inflation data. Let's discuss this topic and make up a trading plan.

Weekly US dollar fundamental forecast

Thanks to US inflation in September, the greenback showed who is boss in Forex. As soon as consumer prices rose by 3.7% YoY and 0.4% MoM, exceeding the forecasts of Bloomberg experts, the chances of a reduction in the federal funds rate in June 2024 fell from 65% to 57%. As a result, the USD index recorded its best… Read full author’s opinion and review in blog of #LiteFinance