US Dollar Price Forecast: Fed and ECB Rate Decisions – Are GBP/USD and EUR/USD at a Turning Point?

US Dollar Price Forecast: Fed and ECB Rate Decisions – Are GBP/USD and EUR/USD at a Turning Point?

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/us-dollar-price-forecast-fed-055617615.html
Published: Jul 22, 2026 1:56 AM

US Dollar News: Fed and ECB Meetings Drive FX Outlook The focus returns to the Federal Reserve meeting this week in between the European Central Bank's July 23 meeting, and data has continued to drive expectations for both central banks. The US dollar gained last week after the economy continued to show signs of stability, with June retail sales rising 0.2% m/m, core retail sales up 0.5% m/m and initial jobless claims dropping to 208K, down to a two-month low. Those data points led markets to assume the Fed will hold rates steady at the end of the month while signalling that policy will remain data dependent. The spotlight now turns to the US' flash PMI releases later in the week, which will...

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.