US Dollar Price Forecast: DXY Near 99.38 as Fed Minutes and UK Inflation Loom; EUR/USD and GBP/USD Hold Firm

US Dollar Price Forecast: DXY Near 99.38 as Fed Minutes and UK Inflation Loom; EUR/USD and GBP/USD Hold Firm

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/us-dollar-price-forecast-dxy-060023874.html
Published: Aug 19, 2026 2:00 AM

US Dollar News: Fed Minutes, ECB Hike Bets and UK Inflation Drive FX Opening today, the focus is on upcoming minutes from the July Fed meeting. These will offer insight on how divided members were on the call regarding another potential rate hike. Although recent domestic data has shown signs of slowing (i.e. negative jobs report, milder inflation reports, lack of retail spending) current markets lean towards a chance of the Fed holding rates at the September meeting at about 65%, whereas a potential tightening is at 35%. Middle East supply concerns also mean that the dollar is not safe from another surprise inflation surge and a potential for more rate hikes. On the other hand, the Euro has...

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.