US Dollar Posts Longest Winning Streak. Forecast as of 10.10.2024
Thanks to the robust labor market, the US dollar has recorded its longest winning streak since April 2022. The September FOMC minutes did not scare EURUSD bears. Will US inflation be curbed? Let's discuss this topic and make a trading plan.Highlights and key points The Fed recalibrated monetary policy in September. Some FOMC members were ready to vote for a 25 bps cut. If US inflation stops slowing, the rate will remain at 5% in November. The EURUSD pair continues to move towards 1.085.Weekly US
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