US Dollar Price Forecast: NFP Week Keeps DXY, EUR/USD and GBP/USD in Focus

Original excerpt

The US dollar trades cautiously ahead of Friday's Nonfarm Payrolls report as investors assess Fed rate expectations, cooling labor market data, and the outlook for EUR/USD, GBP/USD, and the DXY.

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US Dollar Price Forecast: NFP Week Keeps DXY, EUR/USD and GBP/USD in Focus

Sources & References

Other coverage on this pair

Euro: Recovery stalls near 1.1550 resistance against US Dollar – Scotiabank

EUR/USD Price Forecast: Buyers challenge 100-day SMA as momentum turns bullish

Euro: Upside bias needs close above resistance against US Dollar – UOB

Morning briefing: EUR/USD can attempt to test 1.1600

Bank desks on this topic

G10 FX Talking: The narrow path to a weaker dollar

EMEA FX Talking: Locked onto Hungary’s euro story

Asia FX Talking: Washington steps in to stop the Asian slide

FX Daily: Looming payrolls can keep FX volatility in check

Cross-firm research

EUR/USD Consensus Check: Spot at 1.1551, Week of August 6, 2026

EUR/USD Consensus Check: Spot at 1.1536, Median Target 1.1583 — Week of August 5, 2026

EUR/USD Consensus at 1.15825 vs Spot 1.15325: 30-Firm Divergence Map

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