US Dollar Dodges Red Wave. Forecast as of 25.07.2024

The recent shift in investor sentiment away from the Trump trade has brought data-dependent Federal Reserve policy back into focus. Should a rate cut be implemented in July if there are concerns that the US economy is decelerating excessively? Let's discuss this topic and make a trading plan for the EURUSD pair.Highlights and key points The waning appeal of the Trump trade is allowing the EURUSD pair to rebound. Recession rumors are hurting the US dollar. Declining stock indices buoy the gr