The US Dollar continues to weaken amid disappointing labor market data and rising expectations of Federal Reserve rate cuts. This trend is likely to persist, with upcoming US inflation data and the FOMC meeting set to be key market drivers. Our top trade ideas include going long on EUR/USD and short on USD/JPY, as both pairs are poised to benefit from ongoing USD weakness. EUR/USD leads the rankings due to strong bullish sentiment, while USD/JPY remains under pressure from safe-haven demand for the Yen. Traders should stay alert to potential volatility around key US data releases and be prepared to adjust positions accordingly. Risk management remains essential, especially with global uncertainties and shifting rate expectations.
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