US Dollar Price Forecast: Will CPI Revive DXY as EUR/USD and GBP/USD Test Resistance?

US Dollar Price Forecast: Will CPI Revive DXY as EUR/USD and GBP/USD Test Resistance?

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/us-dollar-price-forecast-cpi-080528660.html
Published: Aug 11, 2026 4:05 AM

US Dollar News: CPI Test Puts Fed and FX Policy in Focus As we enter August 11, attentions are on the anticipated July CPI data to be released on Wednesday. The result of this CPI data will ultimately decide if the Fed continues its pause on rate increases or if it resumes tightening in September. Economists expect a 0.2% month-on-month increase in the core CPI. Pocket appreciations, consistent with that forecast, would likely reflect inflation returning to the Fed's 2% target. In June, the Fed's preferred core inflation measure was reported at 3.3% with an increase from the previous year at 2.8%. Prior expectations around interest rates have become unpredictable as the persistent inflation...

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.