{
  "id": 547601,
  "title": "US Dollar Index Price Forecast: Supported by rising Oil prices",
  "url": "https://urgent.news/2026/08/11/us-dollar-index-price-forecast-supported-by-rising-oil-prices",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-11T08:14:47.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/us-dollar-index-price-forecast-supported-by-rising-oil-prices-202608110814"
  },
  "original_language": "en",
  "account": "The US Dollar Index (DXY) sees a slight uptick, reaching approximately 99.90, bolstered by rising oil prices and concerns over potential energy supply disruptions. This has dampened expectations of an imminent Federal Reserve (Fed) interest rate increase, as evidenced by the recent U.S. Nonfarm Payrolls (NFP) data for July, which indicated a decline in the overall labor force and a downward revision in labor additions from previous months. Analysts at ING suggest that this data has presented \"clearly dovish and dollar-negative\" signals, indicating the Fed is likely done with rate hikes. With the Federal Reserve's dual mandate of controlling inflation and promoting full employment, the likelihood of a rate cut has increased, further weakening the currency. The CME FedWatch tool shows a 48.3% chance of a rate hold in the September meeting, up from 30.4% a month prior. Investors will be closely watching the upcoming U.S. Consumer Price Index (CPI) data for July, which will be released on Wednesday. The DXY is currently trading near 99.87, slightly below its 20-day exponential moving average of 100.32, suggesting a bearish short-term outlook. If the index successfully breaks above this level, it could potentially signal a more positive recovery. Conversely, a failure to maintain Friday's low at 99.40 could result in a drop to 99.00 or even the May 29 low of 98.75.",
  "summary": "The US Dollar (USD) extends its Monday recovery move on Tuesday, as rising Oil prices due to prolonged fears of energy supply disruption keep global inflation expectations de-anchored.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "EUR/GBP Price Forecast: Under growing bearish pressure below 0.8550",
        "url": "https://urgent.news/2026/08/11/eur-gbp-price-forecast-under-growing-bearish-pressure-below-0-8550",
        "published": "2026-08-11T08:35:35.000Z"
      }
    ]
  },
  "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."
}