The Dollar Reasserted Its Dominance. Forecast as of 22.10.2024

The Trump trade has offset the differing pace of monetary expansion between the Fed and the ECB as the U.S. presidential election approaches. However, this factor remains in play, pushing the EURUSD to the bottom. Let’s discuss it and make a trading plan. Highlights and key points Donald Trump's new presidency will ruin Europe. Speculators return to the U.S. dollar. Fed's caution helps the U.S. currency. EURUSD risks falling to 1.071 and 1.06.Weekly fundamental forecast for dollarEuro