US Dollar Price Forecast: DXY Holds Firm Ahead of NFP, Can GBP/USD and EUR/USD Recover?

US Dollar Price Forecast: DXY Holds Firm Ahead of NFP, Can GBP/USD and EUR/USD Recover?

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/us-dollar-price-forecast-dxy-080831560.html
Published: Oct 02, 2026 4:08 AM

Dollar Index: Bond Yields and Energy Risks Keep Dollar Supported The dollar has benefited from higher U.S. Treasury yields, and, more recently, increasing demand for dollars as other bond markets suffer from elevated inflation concerns. Long-term U.S. Treasury yields recently rose to levels not seen since the early 2000s, as investors were concerned about escalating fiscal deficits, increasing government borrowing and energy price inflation. The September U.S. employment report will be the key focus for this month. It is expected that the report will show that nonfarm payrolls increased by 90,000 in September from 315,000 in August. The unemployment rate is expected to remain unchanged at 4....

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.