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US Dollar Price Forecast: DXY Holds $98.26 on Ceasefire Calm — CPI Data to Drive GBP/USD and EUR/USD?

Reduced geopolitical tensions are weighing on the Dollar as investors rotate into riskier currencies. DXY remains capped inside a descending channel near $98.26, EUR/USD grinds higher above $1.174, and GBP/USD defends key support.
Date: 12.05.2026  |  Source: fxempire.com
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Quotes

Instrument Price Change (%)
EURUSD 1.174090 -0.35222%
GBPUSD 1.352980 -0.57978%
USDJPY 157.561000 +0.28068%
XAUUSD 4691.040000 -0.93792%
USDCAD 1.370990 +0.23689%
NZDUSD 0.594850 -0.2734%
USDCHF 0.781120 +0.52248%
AUDUSD 0.722390 -0.41854%
EURGBP 0.867750 +0.24375%
EURJPY 184.985000 -0.051329%
GBPJPY 213.175000 -0.26061%
AUDJPY 113.818000 -0.078134%
CADJPY 114.928000 +0.05746%
CHFJPY 201.681000 -0.17423%
NZDJPY 93.724000 +0.06299%
GBPCHF 1.056820 -0.11531%
EURCHF 0.917120 +0.080753%
USDMXN 17.244000 +0.44209%
USDZAR 16.527500 +0.77867%
USDTRY 45.394100 +0.13191%
USDRUB 74.040000 +0.61478%
USDSEK 9.278100 +0.89827%
USDCNY 6.791500 -0.041211%

Upcoming Important Events

Time Country Event Forecast Previous
12.05.2026
12:30 🇺🇸 Core Inflation Rate MoM (Apr) 0.3 0.2
12:30 🇺🇸 Core Inflation Rate YoY (Apr) 2.7 2.6
12:30 🇺🇸 CPI MoM (Apr) 0.3 0.2
12:30 🇺🇸 CPI YoY (Apr) 3.7 3.3
12:30 🇺🇸 Inflation Rate MoM (Apr) 0.6 0.9
12:30 🇺🇸 Inflation Rate YoY (Apr) 3.7 3.3
13.05.2026
01:30 🇦🇺 Westpac Consumer Confidence Change (May) 1.1 -12.5
12:30 🇺🇸 Producer Price Index MoM (Apr) 0.5 0.5
14.05.2026
06:00 🇬🇧 GDP Growth Rate QoQ (Q1) 0.6 0.1
06:00 🇬🇧 GDP Growth Rate YoY (Q1) 0.8 1