Dollar saved from defeat. Forecast as of 13.06.2024

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 dollarThe 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-depen