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Source document· July 29, 2026
US Dollar Price Forecast: Fed Decision Day Puts DXY, EUR/USD and GBP/USD in Focus
View original at finance.yahoo.comUS Dollar Price Forecast: Fed Decision Day Puts DXY, EUR/USD and GBP/USD in Focus Dollar Strength Anchored by Fed Outlook as Euro and Sterling Face Policy Divergences The dollar index was supported recently by the possibility that the Fed might increase rates when it announces its decision due Wednesday, July 29…
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Traders have priced in a decent probability of a Fed rate hike this year, roughly 33 percent for July with a higher probability by September.
60% confidenceThe Fed might increase rates when it announces its decision, with a stance implied by the June projections as more hawkish under Chair Kevin Warsh.
60% confidenceECB officials have not sounded too urgent about hiking rates further, though the euro area still has a rate gap favoring the dollar.
60% confidenceBank of England policymakers are split between fears of second-round inflationary effects and concerns about softer labor market conditions and weaker consumer price data.
60% confidence
Data points we hold from this source
| Federal Reserve · rate hike probability july | 33 percent |