XAU/USD4,699.34+0.28% BTC/USD77,811-0.76% ETH/USD2,321-0.29% SOL/USD186.34+0.43% EUR/USD1.0934+0.12% GBP/USD1.2641-0.08% USD/JPY153.42+0.22% AVAX/USD9.44+0.35% WTI78.21+1.04% DXY104.18-0.14% SPX5,812+0.31% NDX20,341+0.48% XAU/USD4,699.34+0.28% BTC/USD77,811-0.76% ETH/USD2,321-0.29% SOL/USD186.34+0.43% EUR/USD1.0934+0.12% GBP/USD1.2641-0.08% USD/JPY153.42+0.22% AVAX/USD9.44+0.35% WTI78.21+1.04% DXY104.18-0.14% SPX5,812+0.31% NDX20,341+0.48%

FOREX 1H AGO Source: FXEmpire

US Dollar Price Forecast: Hot CPI Fuels DXY Breakout — Will GBP/USD and EUR/USD Break Lower?

Hot May CPI readings tempered rate-cut hopes and supported the US Dollar as markets assessed the ongoing Middle East truce. DXY showed strong breakout above $100 while EUR/USD tested key support and GBP/USD defended rising channel floor.

 Hot May CPI readings tempered rate-cut hopes and supported the US Dollar as markets assessed the ongoing Middle East truce. DXY showed strong breakout above $100 while EUR/USD tested key support and GBP/USD defended rising channel floor. 

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