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American Dollar Forecast Directory - Page #107

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

Pound US Dollar Exchange Rate Climbs

25 Oct 2024 at 1 PM - Written by Frank Davies

STORY LINK Pound US Dollar Exchange Rate Climbs

The Pound US Dollar exchange firmed on Thursday following the publication of the latest US and UK PMI indices. At the time of writing, GBP/USD was trading at approximately $1.2972, up roughly 0.4% from the start of Thursday’s session. The Pound (GBP) gained ground against most currencies on Thursday despite the release of some...

CATEGORIES: American Dollar Forecasts Pound Sterling Forecasts

Canadian Dollar Today: Bank of Canada Deliver a 50bps Cut Amid Growth Concerns

24 Oct 2024 at 8 AM - Written by David Woodsmith

STORY LINK Canadian Dollar Today: Bank of Canada Deliver a 50bps Cut Amid Growth Concerns

After three 25bps cuts, the BoC decided to accelerate the easing cycle and deliver a 50bps cut. With disinflation overshooting the 2% target to 1.6%, the bank is now clearly focused on supporting the economy. Another cut is likely in December, although it is not clear whether it will be 25bps or 50bps. Stock markets rolled...

CATEGORIES: Canadian Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Subdued amid ‘Trump Trade’

24 Oct 2024 at 8 AM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Subdued amid ‘Trump Trade’

The Pound US Dollar exchange rate trended mostly flat on Wednesday as both UK and US data releases were thin on the ground. At the time of writing, GBP/USD was trading at approximately $1.2975, virtually unchanged from the start of Wednesday’s session. The US Dollar (USD) strengthened against most of its peers on Wednesday, buoyed...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Hampered by US Election Jitters, GBP/USD Close to 2-Month Lows

23 Oct 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound Sterling Hampered by US Election Jitters, GBP/USD Close to 2-Month Lows

The dollar has maintained a strong tone in global markets amid a further increase in US bond yields with weaker UK equities also a negative factor. The Pound to Dollar (GBP/USD) exchange rate remained on the defensive, traded around 1.2990 and near 2-month lows. According to UoB; “The likelihood of GBP breaking clearly below...

CATEGORIES: Pound Dollar Forecasts

Pound-Dollar News: GBP/USD Flat despite Downbeat Market Mood

23 Oct 2024 at 10 AM - Written by John Cameron

STORY LINK Pound-Dollar News: GBP/USD Flat despite Downbeat Market Mood

The Pound US Dollar exchange rate traded water on Tuesday despite an anxious market mood undermining the currency pairing. At the time of writing, GBP/USD was trading at approximately $1.2978, virtually unchanged from the start of Monday’s session. Pound (GBP) Hobbled by Autumn Budget Concerns The Pound (GBP) faced challenges...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Undermined by Anxious Market Mood

22 Oct 2024 at 8 AM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Undermined by Anxious Market Mood

The Pound US Dollar exchange rate ticked lower on Monday as a safe-haven dash undermined the currency pairing. At the time of writing, GBP/USD was trading at approximately $1.3018, down roughly 0.2% from the start of Monday’s session. US Dollar (USD) Supported by Downbeat Trade The US Dollar (USD) captured investors focus on...

CATEGORIES: American Dollar Forecasts Pound Sterling Forecasts

Pound to Dollar Week Ahead Forecast: US Election Talk Dominates

20 Oct 2024 at 8 PM - Written by Frank Davies

STORY LINK Pound to Dollar Week Ahead Forecast: US Election Talk Dominates

ING expects the Pound to Dollar (GBP/USD) exchange rate will weaken to 1.28 in the short term. During the week, GBP/USD dipped to 8-week lows around 1.2975 before a tentative recovery to 1.3030. The November US election is looming large on investment bank commentary and forecasts. ING sees further potential dollar demand; “With...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar End-of-Week Forecast: GBP/USD Flat following US Retail Data

18 Oct 2024 at 10 AM - Written by John Cameron

STORY LINK Pound to Dollar End-of-Week Forecast: GBP/USD Flat following US Retail Data

The Pound US Dollar exchange rate traded largely sideways on Thursday following the publication of the US’s retail sales data for September. At the time of writing, GBP/USD was trading at approximately $1.3005, virtually unchanged from the start of Thursday’s session. The US Dollar (USD) treaded water against most of its...

CATEGORIES: Pound Dollar Forecasts

GBP/USD Outlook: Pound Slumps as Inflation Hits 41-Month Low Against US Dollar

17 Oct 2024 at 8 AM - Written by David Woodsmith

STORY LINK GBP/USD Outlook: Pound Slumps as Inflation Hits 41-Month Low Against US Dollar

The Pound posted sharp losses after the notably lower-than-expected UK inflation data. Markets priced in very close to a 100% chance of an interest rate cut at the November Bank of England (BoE) meeting. The chances of two rate cuts by the end of 2024 is now seen at near 70% and speculation over a larger 50 basis-point move in...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate Weakens

17 Oct 2024 at 8 AM - Written by Frank Davies

STORY LINK Pound US Dollar Exchange Rate Weakens

The Pound US Dollar exchange rate lost ground on Wednesday following the publication of the UK’s latest consumer price index (CPI). At the time of writing, GBP/USD was trading at approximately $1.3020, down roughly 0.4% from the start of Wednesday’s session. The Pound (GBP) plunged against the majority of its counterparts on...

CATEGORIES: Pound Dollar Forecasts

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