US Dollar Price Forecast: Fed, GDP and PCE Data in Focus – What’s Next for DXY, GBP/USD and EUR/USD?

US Dollar Price Forecast: Fed, GDP and PCE Data in Focus – What’s Next for DXY, GBP/USD and EUR/USD?

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/us-dollar-price-forecast-fed-084156178.html
Published: Jul 28, 2026 4:41 AM

US Dollar News: Fed Meeting and Key Data Take Centre Stage The U.S. dollar, euro and British pound are heading into a pivotal week ahead of the Federal Reserve's July 29-30 meeting where rate-holders will be watching the Fed's stance on inflation and future rate cuts rather than the forecasted hold. The meeting comes amid several other data releases with market implications on the trajectory of monetary policy into 2026, including second quarter GDP, June core PCE inflation (the Fed's preferred inflation metric) and July non-farm payrolls. Data released this week show that the US economy has held up well with June retail sales increasing 0.2%, the control group increasing 0.4%, and initial j...

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.