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American Dollar Forecast Directory - Page #115

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

Pound to Dollar Exchange Rate "Dragged" Lower with Euro

29 Jun 2024 at 5 PM - Written by John Cameron

STORY LINK Pound to Dollar Exchange Rate "Dragged" Lower with Euro

The Pound to Dollar (GBP/USD) exchange rate has crawled away from 6-week lows at 1.2613, but has not been able to make much headway as the dollar remains dominant. At this stage, political concerns have sapped support for the Euro which has also dragged GBP/USD lower. According to UoB; “Downward momentum is picking up again, and a...

CATEGORIES: Pound Dollar Forecasts

Australian Dollar Bid as CPI Beat Opens the Door for a Rate Hike

26 Jun 2024 at 5 PM - Written by David Woodsmith

STORY LINK Australian Dollar Bid as CPI Beat Opens the Door for a Rate Hike

Inflation has risen steadily from a February low of 3.4% and will be a major concern for the RBA. Markets have priced in a 50% probability of a rate hike by September and this has boosted the Australian Dollar. ‘Risk off’ is the theme on Wednesday as stock markets in Europe and the US drift lower by around –0.3% ahead of the...

CATEGORIES: Australian Dollar Forecasts

Pound Rate Today: Sterling Recovers vs Dollar as Traders Looking for Breakout Trigger

25 Jun 2024 at 3 PM - Written by John Cameron

STORY LINK Pound Rate Today: Sterling Recovers vs Dollar as Traders Looking for Breakout Trigger

After posting 5-week lows close to 1.2620 late last week, the Pound to Dollar exchange rate (GBP/USD) has recovered to 1.2700 with slight net Pound gains on the crosses. Although volatility has been low, markets are continuing to fret over underlying conditions and waiting for the fresh narrative which will trigger a breakout and lead...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar 12-Month Outlook: GBP/USD Exchange Rate to Weaken to 1.18

23 Jun 2024 at 2 PM - Written by Frank Davies

STORY LINK Pound to Dollar 12-Month Outlook: GBP/USD Exchange Rate to Weaken to 1.18

Danske Bank forecasts that the Pound to Dollar (GBP/USD) exchange rate will weaken to 1.18 on a 12-month view. Bank of America is still forecasting gains to 1.33 at the end of 2024. GBP/USD lost ground during the week with a slide to 5-week lows close to 1.2620 as European currencies struggled while the Bank of England moved closer...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Week Ahead Forecast: 1.04-1.09 Ranges Over Next Three Months

23 Jun 2024 at 2 PM - Written by David Woodsmith

STORY LINK Euro to Dollar Week Ahead Forecast: 1.04-1.09 Ranges Over Next Three Months

Nordea forecasts that the Euro to Dollar (EUR/USD) exchange rate will weaken to 1.04 on a 3-month view as the Federal Reserve rules out near-term interest rates. After little immediate change amid political risks, ING expects limited net gains to 1.09 on a 3-month view. EUR/USD attempted to rally at times during the week, but...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Held Below 1.2700

20 Jun 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate Held Below 1.2700

The US dollar retreated from intra-day highs after the latest US retail sales data, but still posted a small net gain with the Euro and Pound unable to gain sustained support. The Pound edged lower ahead of Wednesday’s inflation data with the Pound to Dollar (GBP/USD) exchange rate held around 1.2690. Looking at GBP/USD,...

CATEGORIES: Pound Dollar Forecasts

Pound to Australian Dollar Forecast: GBP/AUD Dips on RBA Rate-Hike Warning

19 Jun 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound to Australian Dollar Forecast: GBP/AUD Dips on RBA Rate-Hike Warning

The Reserve Bank of Australia (RBA) held interest rates at 4.35%, in line with consensus forecasts and there were no updated forecasts at this meeting. Comments from Governor Bullock were, however, more hawkish than expected which helped underpin the Australian currency amid further warnings that interest rates may have to...

CATEGORIES: Pound Australian Dollar Forecasts

Pound to Dollar Exchange Rate Forecasts: Fed and Bank of England Crucial

16 Jun 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Exchange Rate Forecasts: Fed and Bank of England Crucial

RBC Capital Markets' currency analysts expect GBP/USD will weaken to 1.23 at the end of this year with further losses to 1.19 at the end of 2025. Although Pound sentiment held firm, the Pound to Dollar (GBP/USD) exchange rate retreated to 4-week lows at 1.2660 as the dollar posted significant net gains. The UK data continued to...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Forecast for Week Ahead: Euro-Zone Political Fears Return

16 Jun 2024 at 10 AM - Written by Tim Boyer

STORY LINK Euro to Dollar Forecast for Week Ahead: Euro-Zone Political Fears Return

Foreign exchange analysts at MUFG sees the risk of the Euro to Dollar exchange rate (EUR/USD) sliding to 1.05 amid Euro-Zone political concerns. Scotiabank considers that EUR/USD will struggle in the short term before gains to 1.15 at the end of 2025. During the week, the Euro came under pressure after the European elections as...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Exchange Rate Forecast: Retreat from 3-Month Best

14 Jun 2024 at 9 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Exchange Rate Forecast: Retreat from 3-Month Best

Pound Sterling took advantage of dollar losses after the latest US inflation data with the Pound to Dollar (GBP/USD) exchange rate jumping to 3-month highs at 1.2860. The dollar recovered after a relatively hawkish Federal Reserve policy decision and GBP/USD retreated to 1.2775 on Thursday with no major impact from UK data...

CATEGORIES: Pound Dollar Forecasts

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