US Dollar Slumps as Jobs Data Dims Fed Hike Odds. Forecast as of 03.07.2026

While Donald Trump previously criticized Jerome Powell for being reluctant to cut interest rates, he has now shifted the focus to the Federal Reserve as a whole. The argument is that Kevin Warsh would face a committee resistant to policy easing. Let's examine the implications for monetary policy and develop a trading plan for the EUR/USD pair.Major Takeaways The US labor market data disappointed. The Fed can shift its focus to inflation. The US administration is criticizing the central bank. Lon