US Dollar Price Forecast: Retail Sales Boost DXY

US Dollar Price Forecast: Retail Sales Boost DXY – What’s Next for GBP/USD and EUR/USD?

Published Jul 17, 2026 3:13 AM Last refreshed Jul 29, 2026 9:49 AM Source: EODHD Event Time: Jul 17, 2026 3:13 AM

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US Dollar Price Forecast: Retail Sales Boost DXY – What’s Next for GBP/USD and EUR/USD?

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/us-dollar-price-forecast-retail-071325852.html
Published: Jul 17, 2026 3:13 AM

US Dollar News: Strong Data Reinforces Fed's Cautious Stance The U.S. Dollar's technical profile is underpinned by better than expected data which highlighted steady retail sales and a strong jobs market. June retail sales saw 0.2% month on month growth while the control group rose 0.4%, both indicating underlying resilience in consumer demand. Initial jobless claims came in at 221,000 which highlighted a strong labour market. The data has tempered expectations that the Fed will start cutting rates this year as retail sales and unemployment remain relatively strong even though overall growth has slowed. Meanwhile, The Euro's outlook is weighed down by slowing growth prospects in the eurozone...

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.