US Dollar Price Forecast: ECB Holds Steady, PMI Data in Focus – Can DXY Extend Gains Against GBP/USD and EUR/USD?

US Dollar Price Forecast: ECB Holds Steady, PMI Data in Focus – Can DXY Extend Gains Against GBP/USD and EUR/USD?

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/us-dollar-price-forecast-ecb-080448089.html
Published: Jul 24, 2026 4:04 AM

US Dollar News: ECB Hold Shifts Focus to Fed and PMI Data Markets were recalibrating after the European Central Bank kept its benchmark rates unchanged. It maintained the deposit rate at 2.25%, the main refinancing rate at 2.40%, and the marginal lending facility rate at 2.65%. "Decisions next time will be meeting by meeting and data dependent," Christine Lagarde said. "As regards the inflationary effects of higher energy prices in view of the Middle East escalation, this adds to the uncertainty of the path of inflation over time." The dollar continued to be supported by strong fundamentals, and Treasury bonds were also higher. Attention turned to today's S&P Global flash PMI surveys with US...

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.