Politics supported dollar. Forecast as of 05.06.2024

1 min read

Investors are obsessed with central bank rates, but they are not the only drivers in forex rates. Elections in Mexico, South Africa, and India have reminded us that other factors also exist. Let’s discuss it and make a trading plan for EURUSD.

Weekly fundamental forecast for dollar

The election results in Mexico, South Africa, and India shocked the financial markets so much that investors remembered that not only central bank rates determine the movements of currency rates on Forex. Voting is coming up in more than 75 countries, and the US presidential election is coming up in November, which will… Read full author’s opinion and review in blog of #LiteFinance

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