If it weren’t for US May inflation data, the Fed’s hawkish shift in rate forecasts would have brought down the markets and EURUSD quotes, but they only went on a roller coaster ride. Let’s discuss it and make a trading plan.
Weekly fundamental forecast for dollar
The Fed says, “first try and then trust,” predicting one rate cut in an updated forecast for 2024. However, markets continue to expect two easing acts following the US May inflation data. As monetary policy is data-dependent, statistics are a master that feeds a servant. This time, the servant protests, forcing the EURUSD to… Read full author’s opinion and review in blog of #LiteFinance
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