# US Dollar Forecast: Bullish Momentum Builds in DXY as Powell Resists Rate Cuts | FXEmpire

> The Dollar Index closed July with its first monthly gain of 2025, rising nearly 3% and touching 100.10. The Fed held rates at 4.25%-4.5%, and June core PCE came in slightly above forecasts, which trimmed traders' rate-cut bets.

- Date: 2025-07-31 · published 2025-07-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/23955-us-dollar-forecast-bullish-momentum-builds-in-dxy-as-powell-resists-rate-cuts
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Reduced rate-cut expectations support the dollar, which can pressure USD-priced commodity markets.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-09-23 | [US Dollar Forecast: EUR/USD Falls as Weak Eurozone Data Fuels ECB Rate Cut Bets \| FXEmpire](https://feedsoft.ai/events/28531-us-dollar-forecast-eur-usd-falls-as-weak-eurozone-data-fuels-ecb-rate-cut-bets.md) | -0.2% | +2.5% |
| DXY | 2025-09-25 | [US Dollar Forecast: DXY Rallies as Upward GDP Revision Limits Fed Cut Outlook \| FXEmpire](https://feedsoft.ai/events/23087-us-dollar-forecast-dxy-rallies-as-upward-gdp-revision-limits-fed-cut-outlook.md) | -0.0% | +0.7% |
| DXY | 2016-12-09 | [Euro, yen fall as dollar momentum builds again](https://feedsoft.ai/events/73650-euro-yen-fall-as-dollar-momentum-builds-again.md) | +1.5% | +1.2% |
| DXY | 2019-05-01 | [Dollar rises as Fed's Powell cools bets on rate-cut](https://feedsoft.ai/events/59251-dollar-rises-as-fed-s-powell-cools-bets-on-rate-cut.md) | +0.2% | +1.1% |
| DXY | 2026-08-31 | [Euro holds modest gains as US Dollar lacks momentum, Eurozone inflation in focus](https://feedsoft.ai/events/18098-euro-holds-modest-gains-as-us-dollar-lacks-momentum-eurozone-inflation-in-focus.md) | -0.6% | +1.6% |

## Sources

- fxempire.com: https://www.fxempire.com/forecasts/article/us-dollar-forecast-bullish-momentum-builds-in-dxy-as-powell-resists-rate-cuts-1537829

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.