The forecast for the upcoming value of the DXY is positive, with a range of 103.00 to 104.50. This is based on the expectation that the FOMC will not change interest rates at its meeting on August 22, and that the US GDP report and other economic data will be strong.
However, it is important to note that the forex market is volatile and unpredictable, so the actual price of the dollar could go up or down. The factors mentioned above are likely to play a role in determining the currency's direction, but there are other factors that could also affect the price.
Overall, the outlook for the dollar in the next week is positive. However, there are some risks that could weigh on the currency, such as a surprise interest rate hike from the FOMC or weak economic data.
However, it is important to note that the forex market is volatile and unpredictable, so the actual price of the dollar could go up or down. The factors mentioned above are likely to play a role in determining the currency's direction, but there are other factors that could also affect the price.
Overall, the outlook for the dollar in the next week is positive. However, there are some risks that could weigh on the currency, such as a surprise interest rate hike from the FOMC or weak economic data.