US Dollar Price Forecast: Strong U.S. Data Lifts DXY as EUR/USD and GBP/USD Weaken

US Dollar Price Forecast: Strong U.S. Data Lifts DXY as EUR/USD and GBP/USD Weaken

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/us-dollar-price-forecast-strong-082406708.html
Published: Sep 24, 2026 4:24 AM

Dollar Index Outlook: Strong U.S. Data Fuels Fed Hike Bets as EUR and GBP Face Policy Divergence The dollar was broadly higher yesterday, particularly versus the euro and the British pound. More hawkish comments from Fed officials and signs of further strength in the U.S. economy gave the dollar an added boost. The U.S. services and composite PMIs for September were both released yesterday and showed further expansion in U.S. services and composite activity. The U.S. composite PMI came in at 58.4, the highest level since July 2021. Strong economic data bolstered expectations for another large rate hike next month. The latest CME Group data shows the odds for a 75 basis point hike in October...

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.