US Dollar Turns the Page. Forecast as of 12.09.2024

Has the US economy reached a point where high inflation is no longer a concern? The market is skeptical. The greenback benefited from rising Treasury yields and the prospect of a 25-basis-point Fed rate cut in September. Let's discuss this topic and make a trading plan for theEURUSD pair.Highlights and key points Core inflation in the US unexpectedly accelerated. The Fed faces a new problem. The ECB's dovish rhetoric will put pressure on the euro. The EURUSD pair risks slumping to 1.0945 sooner