US Dollar Price Forecast: Fed Hike Bets Fade as EUR/USD and GBP/USD Rally

US Dollar Price Forecast: Fed Hike Bets Fade as EUR/USD and GBP/USD Rally

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/us-dollar-price-forecast-fed-073820762.html
Published: Aug 17, 2026 3:38 AM

US Dollar News: Fed Hike Bets Fade as Euro and Pound Gain Support The U.S. dollar begins the day on Wednesday, August 17, under pressure after a slow release of economic data reduced the likelihood of another rate hike from the Federal Reserve. U.S. retail sales slipped in July for the first time in nine months and cited worsening consumer sentiment in addition to last week's trends in the CPI and PPI. The odds of a September rate hike have dropped to 30% from 50%. It is now expected that rates will hold at current levels, as the markets' prediction is at a 70% chance of no change. There are now expectations that the Fed's July meeting documents will be released to see if the economic slowdo...

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.