US Dollar's Shortcomings Become More Evident. Forecast as of 28.08.2024

Even if the Fed accelerates its rate cut cycle, the US dollar is unlikely to weaken significantly, given the opportunity for other central banks to take similar action. Let's discuss this issue and make a trading plan for the EURUSD pair.Highlights and key points Regardless of the Fed rate cut pace, the EURUSD rally potential is limited. The main problem for the US dollar is the global risk appetite. In the long term, the greenback can be harmed by a double deficit. If the EURUSD pair plunges be