Trump Trade Saves US Dollar. Forecast as of 16.07.2024

If it weren't for the Trump trade, EURUSD quotes would have soared above 1.1. The derivatives market is fully confident of a Fed rate cut in September and is counting on three acts of monetary expansion in 2024. Let's discuss this topic and make a trading plan.Highlights and key points The ECB may put the brakes on rate cuts because of France. The Fed risks loosening monetary policy three times in 2024. The EURUSD pair would soar above 1.1 if the Trump trade were absent. Swings in politics