The Dollar Enters Uncharted Territory. Forecast as of 29.07.2026

Markets currently price in a 68% probability that the Federal Reserve will leave interest rates unchanged, compared with a 32% chance of a rate hike. This is the narrowest gap since September 2024, making a surprise outcome quite possible. How will the US dollar react? Let's discuss this topic and make a trading plan for EUR/USD.Major Takeaways The US dollar has diverged from oil prices. Speculation about a Fed rate hike is intensifying. A passive Fed stance would weigh on the greenback. Keeping