US Dollar Holds Steady after Jobs Relief. Forecast as of 09.08.2024

Disappointing US employment data has become a trap for EURUSD bears. The prospect of an economic downturn and the possibility of a significant reduction in the Federal Reserve's interest rates have made the US dollar vulnerable. However, it has managed to find a way out of this situation. Let's discuss this topic and make a trading plan.Highlights and key points The panic started with the labor market and ended because of it. Fed officials are unlikely to cut rates aggressively. Donald Trump wil