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

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

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/us-dollar-price-forecast-retail-073019273.html
Published: Jul 16, 2026 3:30 AM

US Dollar News: Retail Sales Test Fed Rate Outlook US dollar is driven today by June retail sales release as well as latest weekly jobless claims. These data releases provide the key drivers as to where we see the Fed heading next. Market participants expect retail sales to report a 0.3% monthly gain after May's 0.9% decline, while weekly initial jobless claims are also expected to rise modestly to 217,500 from 215,000 last week. If the US sees stronger than expected readings in today's retail sales releases, together with jobless claims continuing at the lowest levels in history, this will reinforce the notion of continued economic strength in the US economy, leading to higher US rates for...

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.