Dollar Risks Being Late. Forecast as of 02.08.2024

Markets may be deluded about the speed of the Fed's monetary expansion. But what if the US economy starts to cool sharply? Will the Fed have to act aggressively, and how will this affect the EURUSD? Let’s discuss it and make a trading plan.Highlights and key points Other central banks are easing monetary policy. The Fed is maintaining its current stance, which supports the strength of the US dollar. July labor market report is as a crucial indicator for the EURUSD currency pair. The pair f