US Dollar Price Forecast: DXY Tests 101.76, Can EUR/USD and GBP/USD Extend Gains?

US Dollar Price Forecast: DXY Tests 101.76, Can EUR/USD and GBP/USD Extend Gains?

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/us-dollar-price-forecast-dxy-081535523.html
Published: Oct 09, 2026 4:15 AM

Dollar Index: Fed Pause Bets Rise, but Policy Still Favors the Dollar While expectations for an immediate Federal Reserve hike are fading, the dollar remains well bid. Fed Governor Christopher Waller said more interest rate hikes will likely be necessary to bring the inflation back down to the 2% target. He also noted, however, that interest rate hikes do not need to be consecutive. Currently, markets are pricing in a 17-20% chance of a rate hike in October, and the majority of the action is priced in for December. Cooling labor markets continue without widespread layoffs. Initial jobless claims came in at 197,000 for the week ending October 3, down from 199,000 the week prior, further suppo...

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.