US Greenback Forecast: Rebounds Towards $100 as Fed and PMI in Focus – GBP/USD and EUR/USD…

Greenback Merchants Eye Fed Rhetoric and Financial Indicators

Consideration now turns to a high-impact U.S. calendar. Scheduled remarks from FOMC members Goolsbee (1:00 PM ET), Waller (1:35 PM), and Hammack (10:30 PM) might assist make clear the Fed’s tone amid diverging views on charge path timing.

Markets are presently pricing in three cuts by year-end, with June as a potential place to begin.

Concurrently, merchants will look ahead to Flash Manufacturing PMI (forecast: 49.zero, prior: 50.2) and Providers PMI (forecast: 52.eight, prior: 54.four) due at 1:45 PM ET, alongside New House Gross sales (2:00 PM).

The Beige E-book report at 6:00 PM ET might provide qualitative perception into regional enterprise exercise forward of the Might FOMC assembly.

Muted Volatility Forward of U.S. Knowledge Avalanche

Regardless of in the present day’s cautious tone, the greenback stays technically supported above 98.98, with short-term merchants carefully watching the $100.00 psychological stage. Latest optimism over U.S.-China commerce dialogue and tariff readability continues to underpin sentiment.

With world PMI readings turning combined—Germany’s Flash Manufacturing PMI fell to 42.2, whereas UK and French prints additionally undershot forecasts—the buck might profit if U.S. indicators outperform.