US Dollar Price Forecast: Cooling Inflation Challenges DXY – Are GBP/USD and EUR/USD Ready to Rally?

US Dollar Price Forecast: Cooling Inflation Challenges DXY – Are GBP/USD and EUR/USD Ready to Rally?

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/us-dollar-price-forecast-cooling-074423945.html
Published: Jul 15, 2026 3:44 AM

US Dollar News: Softer Inflation Reshapes Fed Outlook The evolving monetary policies, particularly with the release of June's inflation numbers in the United States, are causing shifts in the value of the dollar, sterling and the euro. U.S. annual inflation for July fell to 3.5% from June's 4.2%, with core inflation also falling, to 2.6%. This caused a rapid decrease in the projected likelihood of a July 28-29 Federal Reserve interest rate hike. Demand for U.S. futures implied only a 10% likelihood of a July hike. Earlier estimates placed U.S. interest rate hikes at a 35% probability, indicating the bulk of interest rate conjecture has moved to September. The euro has risen in value with spe...

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.