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American Dollar Forecast Directory - Page #116

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

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

US Dollar Under Pressure Despite a Relatively Hawkish FOMC Meeting

13 Jun 2024 at 9 AM - Written by John Cameron

STORY LINK US Dollar Under Pressure Despite a Relatively Hawkish FOMC Meeting

The US dollar dropped sharply on Wednesday and is trading near the April/May lows. The FOMC meeting was relatively hawkish but was overshadowed by the CPI report which showed slowing inflation. Only one Fed rate cuts is projected this year and the neutral rate has been revised higher. It isn’t at all obvious on Wednesday’s...

CATEGORIES: Pound Dollar Forecasts

EUR/USD Forecast, News: US Data Derails the Euro Exchange Rates

9 Jun 2024 at 1 PM - Written by Frank Davies

STORY LINK EUR/USD Forecast, News: US Data Derails the Euro Exchange Rates

MUFG forecasts that the Euro to Dollar (EUR/USD) exchange rate will strengthen to 1.12 by March 2025. Barclays, however, is still expecting a retreat to the 1.05-1.06 area this year. EUR/USD was resilient after the ECB rate cut, but posted sharp losses after stronger than expected US employment data with a slide to near 1.08 from...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Exchange Rate Forecast: Markets Expect Labour Landslide

9 Jun 2024 at 1 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Exchange Rate Forecast: Markets Expect Labour Landslide

SocGen forecasts that the Pound to Dollar (GBP/USD) exchange rate will slide to 1.18 at the end of 2024 amid persistent dollar strength and a vulnerable Pound. MUFG, however, expects gains to just above 1.30 as the US currency loses ground. US data for most of the week was mixed with further evidence of a weaker labour market while...

CATEGORIES: Pound Dollar Forecasts

ECB Decision: Pound to Dollar Rate Needs Hawkish Guidance to Break Above 1.28

7 Jun 2024 at 8 AM - Written by John Cameron

STORY LINK ECB Decision: Pound to Dollar Rate Needs Hawkish Guidance to Break Above 1.28

The Pound to Dollar exchange rate (GBP/USD) has again been unable to hold above the 1.2800 level and traded around 1.2780 on Thursday. Domestic developments have remained limited with the 80th anniversary of D-Day commemorations taking immediate heat out of the General Election campaign. Global developments are again likely to...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Unable to Hold 11-Week Best Rate Against US Dollar

5 Jun 2024 at 7 AM - Written by John Cameron

STORY LINK Pound Sterling Unable to Hold 11-Week Best Rate Against US Dollar

The Pound to Dollar exchange rate (GBP/USD) briefly hit 11-week highs just below 1.2820 around Tuesday’s European open as the dollar index (DXY) retreated to 8-week lows and touched the 104.00 level. The Pound failed to hold the gains and retreated to around 1.2780 as the dollar recovered ground against European currencies with DXY...

CATEGORIES: Pound Dollar Forecasts

Euro to US Dollar Outlook: 1.12 by 2025 say BofA

2 Jun 2024 at 5 PM - Written by Frank Davies

STORY LINK Euro to US Dollar Outlook: 1.12 by 2025 say BofA

Bank of America expects that the Euro to Dollar (EUR/USD) exchange rate will strengthen to 1.12 at the end of 2024 as the dollar gradually loses ground. Credit Agricole, however, expects a retreat to 1.05. Inflation data dominated a relatively quiet week for major currency pairs. EUR/USD found support just below 1.08 during the...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Exchange Rate Forecast: USD Tipped to Dominate Cable

2 Jun 2024 at 5 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Exchange Rate Forecast: USD Tipped to Dominate Cable

Morgan Stanley currency strategists expect the dollar will continue to dominate markets with the Pound to Dollar (GBP/USD) exchange rate retreating to 1.24 at the end of 2024. Bank of America, however, expects that GBP/USD will strengthen to 1.33 at the end of 2024. The Pound to Dollar (GBP/USD) exchange rate hit 1.2800 during the...

CATEGORIES: Pound Dollar Forecasts

Australian Dollar: Inflation Rises to 3.6% and Sparks Speculation of Further Hikes

29 May 2024 at 5 PM - Written by David Woodsmith

STORY LINK Australian Dollar: Inflation Rises to 3.6% and Sparks Speculation of Further Hikes

The RBA have their work cut out getting inflation under control. April’s CPI figures were higher than expected and rose across a number of sectors. Rate cuts look unlikely this year and speculation is growing the next move may be a hike if data continues to disappoint. Inflation remains the market’s main focus and the...

CATEGORIES: Australian Dollar Forecasts

Pound Sterling Outlook Today: Interest Rate Expectations Dominate GBP vs EUR, USD

28 May 2024 at 4 PM - Written by John Cameron

STORY LINK Pound Sterling Outlook Today: Interest Rate Expectations Dominate GBP vs EUR, USD

The Pound to Dollar exchange rate (GBP/USD) has made further headway and traded around 1.2765 on Tuesday, close to 2-month highs near 1.2785. The Pound has continued to gain net support from an unwinding of expectations that the Bank of England will be in a position to cut interest rates at the June policy meeting. The dollar has...

CATEGORIES: Pound Dollar Forecasts

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