US Dollar May See Sell-off. Forecast as of 20.08.2024

As stock indices continue to rally, the derivatives market points to a high risk of a sell-off in the US dollar. The currency is sold on rumors of Jerome Powell's possible dovish rhetoric. When is it time to buy on the facts? Let's discuss this topic and make a trading plan for the EURUSD pair.Highlights and key points Market sentiment has shifted away from concerns about recession. Investors are anticipating a 25-basis-point reduction in the federal funds rate. Analysts speculate that Jerome Po