{
  "id": 3324096,
  "title": "US Dollar Price Forecast: Fiscal Risks Weigh on DXY; EUR/USD and GBP/USD Test Key Resistance",
  "url": "https://urgent.news/2026/08/24/us-dollar-price-forecast-fiscal-risks-weigh-on-dxy-eur-usd-and-gbp",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T07:50:10.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/currencies/articles/us-dollar-price-forecast-fiscal-075010571.html"
  },
  "original_language": "en",
  "account": "On August 24, the US dollar found itself at multi-month lows, despite the Treasury Department's $4 billion per operation increase in buybacks for 10- to 30-year debt. Some investors remained concerned that Washington may suppress long-term borrowing through the deficit without remediation. US 30-year yields reached 5.337%, close to last week's 19-year highs. Economic reports showed a slightly better than expected Services report, but it did not significantly boost the dollar. Investors are awaiting Fed Chair Kevin Warsh's speech from Jackson Hole and July's inflation data for further clues on the future direction of monetary policy.\n\nThe European Central Bank's commitment to combating inflation, after the September opening of a 2.5% deposit rate, is likely to continue. Market sentiment indicates that recent European growth data and business activity support the push for further inflation focus, while the Iran conflict adds to the uncertainty. Sterling was supported by the comparative relationship with the dollar. Fed Chair Kevin Warsh's speech led to a 2.9% rise in July, while second-quarter GDP grew by 0.4%. Retail sales and an unexpected government budget deficit weakened economic prospects.\n\nFor August 24, the primary FX theme is increased uncertainty over U.S. fiscal policy, with the dollar appearing weak. Simultaneously, concerns over tightening by the ECB and the Bank of England supported the euro and pound. The USD Index currently sits at $98.89, breaking the $99.38 support, and trading below both the 50 and 100-period Exponential Moving Averages (EMAs). This suggests a bearish sentiment, with the price attempting to stabilize between $98.55 and $98.82. The USD Index RSI is at 44, having improved from oversold territory but remains under neutral. The first resistance lies at $98.99, followed by $99.13, $99.27, and $99.38, with targets of $99.71 and $100.03. Should the price remain below $99.38, the overall sentiment will remain bearish, with a potential test of $98.55 again.\n\nAs for GBP/USD, the price reached $1.3648 on the daily chart, hovering above the 50-day EMA ($1.3455) and the 100-day EMA ($1.3434). Bullish overall trend remains despite the resistance. RSI has climbed to 71, indicating overbought conditions, and a potential consolidation or price movement lower. The current bullish outlook on GBP/USD is contingent on the price breaking above $1.3656, with the next significant support at $1.3618, followed by $1.3572 and $1.3526. Should this resistance hold, the next move could target $1.3713 and $1.3735. Conversely, a break below $1.3656 may bring the price to correct at $1.3618, or lower, with $1.3572 and $1.3526 as the first significant support levels.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}