US Dollar Returns Its Crown. Forecast as of 30.08.2024

1 min read

The retreat of the Trump trade was a contributing factor to the EURUSD rally in August. However, it was employed prematurely. The optimal time to make trading decisions amid the upcoming US presidential election will be in September. Let’s discuss this topic and make a trading plan for the EURUSD pair.

Highlights and key points

The US economy accelerated in the second quarter to 3%.
German inflation fell below 2% for the first time since 2021.
Trading on the back of the US presidential election will strengthen demand for the US dollar.
The EURUSD risks to return to 1.1 and… Read full author’s opinion and review in blog of #LiteFinance

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