Greenback Gains on Strong US Data and European Uncertainty. Forecast as of 01.10.2026

At first glance, the sharp decline in expectations for a Fed rate hike in October should have triggered a correction in the EUR/USD pair. However, the strength of the US economy has made it difficult for the bears to regain control. Let's take a closer look at the current market situation and develop a trading plan.Major Takeaways The odds of a Fed rate hike in October have plummeted. Revised US GDP data helped the US dollar. The collapse in oil prices may not reduce Treasury yields. Short posit