US Dollar Recoups Losses. Forecast as of 09.09.2024

The release of US labor market data prompted investors to take wishful thinking for granted. The probability of a 50-basis-point reduction in the Fed interest rate in September increased to 50% but then declined to 31%. What is the reason behind this change of heart? Let us discuss this topic and make a trading plan for the EURUSD pair.Highlights and key points US employment data for August disappointed the markets. The labor market is cooling but not frozen. The US dollar managed to counteratta