US Dollar Soars on Fed Fears. Forecast as of 03.07.2024

Politics may become one of the reasons for a federal funds rate cut in September. Donald Trump is steadily moving towards the US President's chair, and the Fed may want to set up some roadblocks on his way. Let's discuss this topic and make a trading plan for EURUSD.Weekly US dollar fundamental forecastJerome Powell did not surprise anyone in Sintra, Portugal, by saying that a strong US economy gives the Fed time, but markets viewed his rhetoric as dovish. This led to a decline in Treasury bond