USD: too early to say goodbye. Forecast as of 05.12.2023

BY admin admin

There are flaws in the ideal theory of the USD index weakening. The US dollar can be supported by both high yields on Treasury bonds and the weakness of competitors' economies. Let's discuss this topic and make up a trading plan for EURUSD.

Weekly US dollar fundamental forecast

The decline of the US dollar depends on the federal funds rate. Morgan Stanley believes that current market expectations for a 125 bps decline in 2024 are too high. This would require a serious recession, which currently looks unlikely. In contrast, according to Deutsche Bank, the Fed will cut borrowing costs by 175… Read full author’s opinion and review in blog of #LiteFinance

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