American Dollar forecast page 7 - usd american dollar us dollar usd dollar

EUR/USD Exchange Rate Sinks as Eurozone Economic Outlook Darkens The Euro to US Dollar (EUR/USD) exchange rate fell by -0.4% today after March’s Eurozone composite PMI report fell deeper into contraction territory than previously forecast, with the figure falling from 31.4 to 29.7. The pairing is currently trading around $1.07. Chris...

GBP/USD Exchange Rate Edges Higher, Fed Outlines ‘Bazooka’ Stimulus Package The Pound US Dollar (GBP/USD) exchange rate rose by 1% today after yesterday saw the US Federal Reserve unveil its essentially unlimited quantitative easing program to support the US economy. The pairing is currently fluctuating around $1.172. Jingyi Pan, a...

GBP/USD Exchange Rate Rangebound, UK Receives ‘Largest Fiscal Boost in Decades’ The Pound US Dollar (GBP/USD) exchange rate held steady today after Rishi Sunak, the newly-appointed Chancellor of the Exchequer, released the Spring Budget for the next five years. Sarah Carlson, a Senior Vice President at Moody’s, was upbeat about the...

Due to a lack of support from either domestic or global developments, the Euro remains unappealing and last week was yet another week of losses for the Euro to US Dollar (EUR/USD) exchange rate. Investors find the Euro unappealing due to lingering fears of a lasting slowdown in Eurozone economy, as well as the possibility that further...

EUR/USD Exchange Rate Rangebound, US Business Optimism Improves The Euro US Dollar (EUR/USD) exchange rate held steady today, with the pairing currently trading around $1.092 after the NFIB Research Foundation’s US business optimism index for January beat expectations and edged higher from 102.7 to 104.3. US Dollar (USD) investors are...

Already benefitting from slightly softer safe haven demand this week, the US Dollar has easily been able to sustain considerable gains and push the Euro to US Dollar (EUR/USD) exchange rate considerably lower due to fresh weakness in the Euro. Investors are selling the shared currency due to strength in its rival the US Dollar, but this...

Euro US Dollar (EUR/USD) Exchange Rate Slumps as German Staff Cuts Continue The Euro US Dollar (EUR/USD) exchange rate slumped at the start of the week, leaving the pairing trading at around $1.1064. The single currency fell despite data showing that the German manufacturing PMI rose to an 11-month high in the first month of 2020....

Amid a lack of fresh support for the Euro, the Euro to US Dollar (EUR/USD) exchange rate has been unable to avoid losses while the US Dollar benefits from stronger than expected US ecostats. Strong US data and hopes that the Federal Reserve will avoid a dovish stance are keeping the US Dollar sturdy in recent sessions. For now, investors are...

GBP/USD Exchange Rate Eases as BoE Rate Cut Fears Rise on Poor UK Retail Sales The Pound US Dollar (GBP/USD) exchange rate dipped today, with the pairing currently trading around $1.304 after December’s UK retail sales unexpectedly fell by -0.6% month-on-month, while the year-on-year figure fell below forecasts to 0.9%. Quantitative...

US Dollar (USD) Buoyed by US CPI Figures The US Dollar is trending higher this afternoon as markets response to the latest US consumer price index (CPI). According to data published by the US Bureau of Labor Statistics (BLS), headline inflation climbed from 2.1% to 2.3% in December, rising to its highest levels since October 2018. However...