Nightmares Haunt US Dollar. Forecast as of 08.08.2024

The decline in US Treasury bond yields and stock indices is prompting a renewed focus on the recession narrative, which is supporting the EURUSD pair. The greenback is facing pressure from investors calling for the Fed to slash interest rates. Let's discuss this topic and make a trading plan.Highlights and key points Talks about recession in the US economy are not subsiding. The US dollar is falling as investors demand the Fed to cut rates. Unemployment claims could trigger new market turbulence