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US Dollar Forecast: DXY Holds 101.04 as EUR/USD and GBP/USD Test Key Levels Before Fed Minutes
FORECASTSJUL 8, 2026
US Dollar Forecast: DXY Holds 101.04 as EUR/USD and GBP/USD Test Key Levels Before Fed Minutes
The US Dollar Index held near 101.04 ahead of the FOMC meeting minutes, with traders watching whether the Fed signals continued caution on inflation. EUR/USD defended 1.1418 while GBP/USD hovered around 1.3360 as policy divergence between the Fed, ECB and BoE kept major pairs in focus.