US Dollar Price Forecast: Fed Hike Bets Rise as ECB Tightening Supports Euro; EUR/USD and GBP/USD Key Levels

US Dollar Price Forecast: Fed Hike Bets Rise as ECB Tightening Supports Euro; EUR/USD and GBP/USD Key Levels

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/us-dollar-price-forecast-fed-075647322.html
Published: Sep 08, 2026 3:56 AM

Dollar Index Outlook: Fed Hike Bets Rise as ECB Tightening and Inflation Risks Support EUR and GBP The greenback remains caught in a cross-current of a more hawkish Fed and strong, rising currencies against the dollar, as traders await critical inflation data. A 60 percent chance of a Fed rate hike for the September 15-16 meeting emerged after a stronger-than-expected employment report on Friday. Now the focus is on U.S. inflation. A more hawkish reading will reinforce the need for the Fed to hike. The Fed's Governor Waller noted that the next steps for the Fed will depend on upcoming trends for inflation. The Dollar Index has struggled to move despite all this. A strong yen carry trade unwi...

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.