Dollar: a gorilla in the room. Forecast as of 03.06.2024

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The ECB will cut rates in June but then act with an eye on the Fed. The pause may drag on amid accelerating European inflation, which will support the EURUSD. Let’s discuss it and make a trading plan.

Weekly fundamental forecast for dollar

The US economy may not be slowing down, but it is certainly not accelerating. Strong data, including consumer confidence, alternate with weak stats. The Chicago Fed Business Activity Index fell to its lowest level in four years. Personal spending and consumer income didn’t live up to Bloomberg experts’ forecasts; in real terms, disposable income declined. Demand is… Read full author’s opinion and review in blog of #LiteFinance

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