📰 EURUSD, GBPUSD, and USDCAD Gain as US Dollar Weakens Ahead of Key Economic Data Releases
📅
Jul 18, 2025, 07:49 EDT
| 🔗 Source: MT Newswires
🧠 Summary
The US dollar weakened broadly against major currencies ahead of key US economic data releases and central bank meetings, with EURUSD, GBPUSD, and USDCAD showing modest gains amid subdued inflation and mixed regional data.
💡 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.
🔒 Log in to view AI-generated advisor insights for EURUSD.
Login