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A round up of the latest American Dollar forecast news items from the Currency News desk.

GBP USD Exchange Rate Fluctuates as UK Trade Deficit Widens

10 Jan 2018 at 5 PM - Written by Frank Davies

UK Trade Deficit Widens, Causes Volatility for GBP USD Exchange Rates The Pound US Dollar (GBP/USD) fluctuated wildly on Wednesday as markets digested a run of mixed UK ecostats as well as news that China is considering trimming its purchasing of American government debt. On the data front; the UK’s trade deficit widened quite...

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US Dollar Euro (USD EUR) Tumbles Over Holidays on Poor Consumer Confidence

27 Dec 2017 at 4 PM - Written by Tim Boyer

The US Dollar Euro (USD EUR) exchange rate tumbled over the holiday period as markets responded to a below-forecast US consumer confidence print. US Dollar Euro (USD EUR) Falls on Notable Drop in Consumer Confidence Consumer confidence in the US fell to 122.1 in December, down from the previous period’s 128.6 and below the consensus...

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Outlook for the GBP AUD Exchange Rate: Pound Sterling Sell-off as Foreign Exchange Markets Cool

18 Sep 2017 at 1 PM - Written by Ben Hughes

The pound to Australian dollar exchange rate has fallen back from last week's best conversion levels as sterling was sold-off across the markets. Amid a lack of demand for risk-correlated currencies, GBP/AUD easily surged last week as investors digested an unexpectedly hawkish tone from the Bank of England (BoE). The ‘Aussie’ has...

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The Euro Exchange Rate Ticks Higher Ahead of Key Fed Policy Meeting

18 Sep 2017 at 11 AM - Written by John Cameron

The euro to dollar exchange rate is maintaining a positive bias on Monday 18th September, quoted at 1.19607 during the European session. EUR/USD is slightly unstable at the start of this week’s session as markets look towards the Federal Reserve’s policy meeting later this week. US Dollar (USD) Volatile in Face of Fed Meeting...

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Pound Sterling Forecast to Rise vs US Dollar as BoE Vlieghe Acknowledges 'Growing Need for Near-Term Rate Hike'

15 Sep 2017 at 4 PM - Written by Frank Davies

The pound to dollar exchange rate ended the week at the best levels since the EU Referendum vote last year. Cable is quoted at 1.35925 on Saturday, September 16. GBP/USD continued to climb on Friday as Bank of England (BoE) member Gertjan Vlieghe unexpectedly expressed hawkish sentiment. GBP Surges as BoE Vlieghe Claims that Rate...

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The Euro to Dollar Exchange Rate Forecast: "Above 1.1990/00 Turns Near-Term Outlook More Bullish"

15 Sep 2017 at 3 PM - Written by Tim Boyer

"EUR/USD price action may have formed a base in the mid/upper 1.18s yesterday, suggesting that spot’s corrective drift lower from last week’s peak near 1.21 is complete. Gains through minor trend resistance at 1.1930 (now minor support). The EUR has a little more work to do in order to gain more appreciably; above 1.1990/00 turns the...

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The Canadian Dollar Mounts Overnight Recovery vs USD as Oil Ticks Higher

14 Sep 2017 at 11 AM - Written by John Cameron

The Canadian to US Dollar exchange rate picked itself up from a weekly low overnight on Wednesday as the pairing was bolstered by an uptick in oil prices. At the time of writing the CAD/USD is -0.32 per cent lower at 0.81916 (14-09-2017). Canadian Dollar (CAD) Climbs as Oil Strengthened by IEA Report The Canadian Dollar mounted a...

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Intraday Pound to Dollar Rate Price Patterns "Look Weak, Bearish Outside Range Session on 6-Hour Chart"

13 Sep 2017 at 3 PM - Written by Toni Johnson

The British Pound to dollar exchange rate has "stumbled badly" after the latest UK wage growth figures missed forecasts. GBP/USD fell to trend in the region of 1.3282, although the US Dollar has made gains more thanks to the weakness in the Pound than because of any intrinsic strength. Scotiabank analysts note a bearish near-term...

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The Euro to Dollar Rate Drops Below 1.20 Handle as Fresh Signs of ECB Dovishness Weigh Heavily on EUR

11 Sep 2017 at 1 PM - Written by Frank Davies

The euro to dollar exchange rate has fallen below the 1.20 handle during the European session, quoted at 1.19955 on Monday, September 11. As the latest round of commentary from European Central Bank (ECB) policymakers proved rather dovish in nature this kept the EUR/USD on a weaker footing at the start of the week. Investors were not...

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Pound to Dollar (GBP/USD) Exchange Rate Forecast: "Limited Downside Risk and Firm Support in Upper 1.31s"

10 Sep 2017 at 11 AM - Written by John Cameron

"Sterling [GBP/USD] seems to be setting itself up for a bit of a squeeze higher in the near-term. Minor consolidation price action late last week has given away to renewed gains so far on the session and a retest of Friday’s high. We see gains extending above 1.3220 towards the upper 1.32s near-term as trend strength oscillators are aligned...

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