The US Dollar enters the final days of July on uncertain footing, weighed down by shifting expectations around monetary policy, softening economic momentum, and relief on the global trade front. While the Greenback has managed intermittent strength over the past few weeks, its direction now hinges on an extraordinary concentration of macroeconomic events.
Five high-impact catalysts collide this week: the Federal Reserve’s policy meeting, Bank of Japan signals, core PCE inflation data, Nonfarm Payrolls, and what had been a looming EU–US tariff deadline — now resolved. The outcome of these events may set the tone not just for August but for the remainder of Q3.
Fed holds, but outlook hangs in the balance
Markets widely expect the Federal Reserve to leave interest rates unchanged for the fifth consecutive time at Wednesday’s FOMC meeting. Yet behind the anticipated…
