USD released spring. Forecast as of 14.11.2022

Weekly US dollar fundamental forecast
The sharp rise in US stock indices and EURUSD reminded the March 2020 rally. In the midst of the pandemic, many wondered how this could happen during the deepest recession in the global economy. How can this happen now that the Fed hasn't done its job yet? Markets rise on expectations. Just like 2.5 years ago, the trends reversed in the blink of an eye, and the EURUSD downtrend was broken out by mid-November.

Previously, investors feared that the Fed would push the US economy into a deep recession with the most aggressive monetary tightening in decades. However, after the release of the October inflation data, the situation changed radically. The slowdown in consumer prices from 8.2% to 7.7%, the lowest level since January, and core inflation from 6.6% to 6.3% YoY proved that the central bank's work pays off.

US inflation dynamics

For more information follow the link to the website of the LiteForex
https://www.litefinance.org/blog/analysts-opinions/usd-released-spring-forecast-as-of-14112022/?uid=285861726&cid=58534