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American Dollar Forecast Directory - Page #104

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

EUR to USD Exchange Rate Drops to 1.035 as EU PMIs Miss

22 Nov 2024 at 2 PM - Written by Tim Boyer

STORY LINK EUR to USD Exchange Rate Drops to 1.035 as EU PMIs Miss

PMIs in the EU dropped further, with Services joining Manufacturing in contraction territory. The euro dropped sharply. EURUSD was down –1.35% and tested 1.035. One hope for the euro is that PMIs are not yet reflected in hard data such as GDP. The US dollar has had a remarkable run since late September when it was hovering...

CATEGORIES: Euro Dollar Forecasts

European Currencies Out of Favour, GBP to USD Rate Close to 6-Month Lows

22 Nov 2024 at 12 PM - Written by Frank Davies

STORY LINK European Currencies Out of Favour, GBP to USD Rate Close to 6-Month Lows

The Pound to Dollar (GBP/USD) exchange rate has been unable to make headway and drifted to 1.2625 on Thursday, close to 6-month lows just below 1.2600. Overall risk conditions are less benign amid concerns over an escalation in the Ukraine conflict which is curbing support for European currencies. ING commented; “That the Biden...

CATEGORIES: Pound Dollar Forecasts

GBP/USD Outlook: Pound to US Dollar Exchange Rate Slides Towards 1.25

22 Nov 2024 at 12 PM - Written by James Fuller

STORY LINK GBP/USD Outlook: Pound to US Dollar Exchange Rate Slides Towards 1.25

The Pound US Dollar exchange rate treaded water on Thursday despite the UK’s latest borrowing figures outpacing estimates. At the time of writing, GBP/USD was trading at approximately $1.2641, virtually unchanged from the start of Thursday’s session. The Pound (GBP) stumbled against most currencies on Thursday after the UK's...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Firm on Surprise UK Inflation Upside

21 Nov 2024 at 9 AM - Written by Toni Johnson

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Firm on Surprise UK Inflation Upside

The Pound to US Dollar (GBP/USD) exchange rate traded in a tight range on Wednesday as stronger-than-expected UK inflation data balanced out broader market risk aversion. At the time of writing, GBP/USD was trading around $1.2680, showing little movement from Wednesday’s opening levels. The Pound (GBP) strengthened on...

CATEGORIES: Pound Dollar Forecasts

Flaring Russia-Ukraine Tensions Spark Pound US Dollar Exchange Rate Losses

20 Nov 2024 at 9 AM - Written by Tim Boyer

STORY LINK Flaring Russia-Ukraine Tensions Spark Pound US Dollar Exchange Rate Losses

The Pound US Dollar (GBP/USD) exchange rate weakened on Tuesday as worries about the Russia-Ukraine war sparked widespread risk aversion. The Pound (GBP) dropped on Tuesday as mounting tensions in the Russia-Ukraine conflict weighed heavily on the UK currency. Over the weekend, outgoing US President Joe Biden approved the use of US...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate Subdued

18 Nov 2024 at 5 PM - Written by Frank Davies

STORY LINK Pound US Dollar Exchange Rate Subdued

The Pound to Dollar exchange rate (GBP/USD) treaded water on Monday as both UK and US economic data releases were absent from Monday’s data-calendar. At the time of writing, GBP/USD was trading at approximately $1.2621, virtually unchanged from the start of Monday’s session. The US Dollar (USD) remained largely unchanged against...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Week Ahead Forecast: Trump Trade to Dominate Sterling

17 Nov 2024 at 2 PM - Written by Ben Hughes

STORY LINK Pound to Dollar Rate Week Ahead Forecast: Trump Trade to Dominate Sterling

The Pound to Dollar (GBP/USD) exchange rate has weakened to 4-month lows around 1.2620. Markets continue to expect Trump’s policies will support the dollar while a weaker than expected UK GDP report curbed Pound support. A key question is whether the dollar will strengthen further and whether gains can be sustained. ING...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Exchange Rate Tests 1.05

17 Nov 2024 at 2 PM - Written by David Woodsmith

STORY LINK Euro to Dollar Exchange Rate Tests 1.05

Instead of confirming a December cut was likely, Powell has introduced uncertainty. The odds of a cut are now around 50/50. The dollar made new 2024 highs on Thursday and pushed EURUSD down to 1.05. The post-election rally had already started to fade by the time Fed Chair Powell spoke on Thursday. Stock markets peaked on...

CATEGORIES: Euro Dollar Forecasts

Foreign Exchange: Trump Agenda Fuels Fresh Dollar Buying, Pound Sterling Hits 1.26

17 Nov 2024 at 2 PM - Written by Tim Boyer

STORY LINK Foreign Exchange: Trump Agenda Fuels Fresh Dollar Buying, Pound Sterling Hits 1.26

The underlying dynamics remain intact in global markets and the dollar has continued to make gains with the currency index hitting 12-month highs. There are expectations that policies under the incoming Trump Administration will lead to a stronger dollar through higher interest rates and aggressive trade policies. The Republicans have...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Slides as Republicans Gain Control of Congress

17 Nov 2024 at 2 PM - Written by Frank Davies

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Slides as Republicans Gain Control of Congress

The Pound to US Dollar (GBP/USD) exchange rate dropped to a new multi-month low on Thursday as investor demand for the USD remained strong. At the time of writing, GBP/USD was trading around $1.2644, down approximately 0.5% from Thursday’s opening levels. The US Dollar (USD) climbed on Thursday, continuing its upward trend...

CATEGORIES: Pound Dollar Forecasts

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