US Dollar Price Forecast: CPI Test Looms as DXY, EUR/USD and GBP/USD Hold Key Levels

US Dollar Price Forecast: CPI Test Looms as DXY, EUR/USD and GBP/USD Hold Key Levels

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/us-dollar-price-forecast-cpi-081412880.html
Published: Aug 12, 2026 4:14 AM

US Dollar News: CPI Test Puts Fed, Euro and Pound in Focus The U.S. dollar begins the week with July CPI due out later today. The data release may dictate whether the Federal Reserve pauses its interest rate hike cycle or continues to hike in September. Team Reuters forecasts 0.1% month over month increase in headline CPI after the June reported drop of 0.4% with expected annual inflation coming in at 3.4%. Forecasts expect a 0.2% month over month increase in core CPI and a 2.5% year over year increase. Given recent market action, most expect the Fed to stay on hold in September. Thus, today's CPI number may have some consequence. The Falling U.S. July employment numbers combined with the cu...

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.