USD Forecast 06 August 2026: Growing skepticism toward the Fed’s policy is reviving the “Sell America” trade, which first gained momentum after Donald Trump introduced the highest tariffs since the 1930s. Comments from Kevin Warsh and Scott Bessent have reinforced this sentiment. Let’s analyze the situation and develop a trading plan for the EUR/USD pair.
US dollar
Dollar Hits 2-Month High as Fed Rate Hike Bets Push US Currency Up
Dollar largest weekly rise: The dollar firmed on Friday and was set for its largest weekly gain in more than two months, as rising energy prices and prolonged disruptions to shipping stoked inflationary pressures, boosting bets on a Federal Reserve rate hike this year.
EUR/USD Falls to 1.1640, Weekly Loss 0.7% as US Dollar Stays Strong
The EUR/USD currency pair ended the week near the 1.1640 level, posting a weekly loss of around 0.7%. The fall came as the US Dollar remained strong against major global currencies.
Gold Price Today Below $4,355 as Strong US Dollar Weighs on Rates
Gold (XAU/USD) Gold (XAU/USD) regains ground on Friday, edging modestly higher after earlier weakness, even as a resilient US Dollar (USD) caps upside momentum. At the time of writing, XAU/USD trades around $4,345, recovering from a daily low near $4,309.
Rupee Hits Record Low of 89.61 Against Dollar Amid US Trade Tensions & FPI Outflows
Indian Rupee falls to all-time low of 89.61 against USD due to US-India trade uncertainty and heavy foreign portfolio outflows. RBI’s lower intervention and rising import demand add pressure.