What's stopping dollar? Forecast as of 01.02.2021

A faster vaccination in the USA than in the euro-area supports the greenback. However, something is stopping the dollar rally. What exactly? Let us discuss the Forex outlook and make up a EURUSD trading plan.

Monthly US dollar fundamental forecast

The US policymakers in Congress, who approve fiscal stimulus plans, and investors, who are buying out stocks, have different goals (the government wants to support the US economy, traders want to make money); however, they have something in common. Low interest rates. On the one hand, they help reduce debt-servicing costs; on the other hand, low rates mean that the… Read full author’s opinion and review in blog of #LiteForex