Will USD withstand inflation? Forecast as of 10.08.2023

Although the European economy is weak, the ECB is unwilling to raise rates, and Italy has imposed additional taxes on banks EURUSD is stable. But why? Let's discuss this topic and make up a trading plan.

Daily US dollar fundamental forecast

Traders first buy, being afraid to miss the major trend, and then think. This often turns into a disaster. This was the case in July when US inflation data for June showed a significant slowdown to 3%. However, in fact, this dynamics was based on statistical peculiarities. In June 2022, consumer prices peaked at 9.1%. Due to the high base effect, the… Read full author’s opinion and review in blog of #LiteFinance