US Dollar Struggles as Bond Yields Normalize. Forecast as of 19.08.2026

It might seem that the S&P 500's decline and rising oil prices should have given bears a clear advantage in the EUR/USD. Instead, the pair rose as interest rates in the bond market continued to normalize. Let's examine the factors behind this move and develop a trading plan.Major Takeaways The global bond market is returning to normal. Brent continues to rise amid US inaction. The Fed's changing stance is weighing on the US dollar. Trades on the EUR/USD can be considered if the pair bre