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American Dollar Forecast Directory - Page #109

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

Pound US Dollar Exchange Rate Leaps Higher

28 Nov 2024 at 9 AM - Written by Tim Boyer

STORY LINK Pound US Dollar Exchange Rate Leaps Higher

The Pound US Dollar exchange rate jumped on Wednesday following the publication of several important US data releases. At the time of writing, GBP/USD was trading at approximately $1.2640, up roughly 0.6% from the start of Wednesday’s session. US Dollar (USD) Plummets following Domestic Data The US Dollar (USD) slumped against...

CATEGORIES: Pound Dollar Forecasts

GBP to CAD Exchange Rate Jumps on Trump’s Tariff Threat Against Canada

27 Nov 2024 at 8 AM - Written by Frank Davies

STORY LINK GBP to CAD Exchange Rate Jumps on Trump’s Tariff Threat Against Canada

In comments overnight, US President-elect Trump stated that he would impose tariffs on Canada. Mexico and China on the first day of taking office in January. The Canadian dollar posted sharp losses in global markets and the Pound to Canadian dollar exchange rate (GBP/CAD) surged. From 3-month lows below 1.7500 posted late last week,...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP/USD Outlook: Trump Trade Talk Dominates Markets, Pound-Dollar Steady

27 Nov 2024 at 8 AM - Written by David Woodsmith

STORY LINK GBP/USD Outlook: Trump Trade Talk Dominates Markets, Pound-Dollar Steady

Overnight, US President-elect Trump stated that he would levy 25% tariffs on shipments from Mexico and Canada due to failure to control drugs and illegal migration. He also reiterated that there would be 10% tariffs on goods from China. In relative terms, there are expectations that the UK will not be a major target which could protect...

CATEGORIES: Pound Dollar Forecasts

Pound Euro Exchange Rate Softens following Trump Tariff Announcement

27 Nov 2024 at 8 AM - Written by Frank Davies

STORY LINK Pound Euro Exchange Rate Softens following Trump Tariff Announcement

The Pound Euro (GBP/EUR) exchange rate slipped on Tuesday following Donald Trump’s proposed tariff plans. The Euro (EUR) gained ground against most currencies on Tuesday following the revelation of Donald Trump's latest tariff proposals for the United States. In the wake of Trump's election victory less than a month ago, EUR...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate: GBP Fluctuates vs USD on Trump’s Tariff Plans

27 Nov 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate: GBP Fluctuates vs USD on Trump’s Tariff Plans

The Pound to US Dollar (GBP/USD) exchange rate saw choppy trading on Tuesday as markets reacted to Donald Trump’s announcement of sweeping new tariffs. The US Dollar (USD) initially surged during the Asian session on Tuesday following a statement by President-elect Donald Trump, who revealed plans to introduce tariffs on imports...

CATEGORIES: Pound Dollar Forecasts

Trump Expectations Dominate the Pound, GBP/USD Bounces

25 Nov 2024 at 3 PM - Written by Frank Davies

STORY LINK Trump Expectations Dominate the Pound, GBP/USD Bounces

The US Dollar traded lower at the Monday open following the news that President-elect Trump had nominated Scott Bessent to be Treasury Secretary. The nomination of Bessent increased hopes of less disruptive US trade policies which triggered a dollar correction and recovery in European currencies, but underlying US currency sentiment...

CATEGORIES: Pound Dollar Forecasts

GBP to USD Exchange Rate Outlook: Sterling Underpinned by Positive Market Mood

25 Nov 2024 at 3 PM - Written by Ben Hughes

STORY LINK GBP to USD Exchange Rate Outlook: Sterling Underpinned by Positive Market Mood

The Pound US Dollar exchange rate edged higher at the start of the week, bolstered by Monday’s risk-on market mood. At the time of writing, GBP/USD was trading at approximately $1.2568, up roughly 0.3% from the start of Monday’s session. The Pound (GBP) kicked off the week with a robust performance against most other...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Week Ahead Forecast: USD Strength Tipped to Continue

24 Nov 2024 at 11 AM - Written by Frank Davies

STORY LINK Pound to Dollar Rate Week Ahead Forecast: USD Strength Tipped to Continue

HSBC expects that the Pound to Dollar (GBP/USD) exchange will edge lower to 1.24 by June 2024. The bank is forecasting significant net dollar gains, but with GBP/USD losses contained by a Pound advance against the Euro. UBS has scaled back its GBP/USD forecasts following the US election, but still expects gains to 1.33 by the middle...

CATEGORIES: Pound Dollar Forecasts

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

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