📰 EURUSD and GBPUSD Rally on Fed Rate Cut Hopes, USD Weakness Ahead of July 30 FOMC

📅 Jul 18, 2025, 09:26 EDT | 🔗 Source: Forexlive

🧠 Summary

USD weakness amid Fed rate cut expectations boosts EURUSD and GBPUSD. Fed's cautious stance and economic data ahead drive positive sentiment on major dollar pairs, signaling potential short-term gains before the July 30 FOMC meeting.

💡 Why this signal?

  • The prospect of a 25bps Fed rate cut in July due to weakening labor market conditions is a key driver for dollar weakness, benefiting EURUSD and GBPUSD.
  • Fed's Waller signaling easing before further job losses tempers market fears, encouraging risk appetite and strengthening major foreign currencies versus the USD.
  • Upcoming US housing data and sentiment indexes add to volatility, making dollar pairs sensitive to short-term fundamental shifts ahead of the FOMC decision.

📈 EURUSD Price Trend

⏱️ Impact Timing
as soon as the news is out
👥 Competitor Impact

No competitors impacted.

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