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American Dollar Forecast Directory - Page #117

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

Pound to Dollar Exchange Rate Forecast: 1.25 by End 2024 say Credit Agricole

26 May 2024 at 2 PM - Written by Frank Davies

STORY LINK Pound to Dollar Exchange Rate Forecast: 1.25 by End 2024 say Credit Agricole

Standard Chartered forecasts that the Pound to Dollar exchange rate (GBP/USD) will weaken to 1.21 in three months with only a marginal recovery to 1.22 on a 12-month view. Credit Agricole expects GBP/USD to trade at 1.25 at the end of 2024 before a gain to 1.35 at the end of next year. GBP/USD hit 2-month highs above 1.2750 after...

CATEGORIES: Pound Dollar Forecasts

Euro to US Dollar Outlook: Retreat to 1.06 say Wells Fargo

26 May 2024 at 2 PM - Written by David Woodsmith

STORY LINK Euro to US Dollar Outlook: Retreat to 1.06 say Wells Fargo

Standard Chartered expects the Euro to Dollar exchange rate (EUR/USD) will weaken to 1.05 and will remain at this level on a 12-month view. Wells Fargo expects a retreat to 1.06 at the end of the third quarter before a recovery to 1.10 by the second quarter of 2025. EUR/USD was unable to challenge 1.09 during the week and retreated...

CATEGORIES: Euro Dollar Forecasts

Dollar Drifts Against European Currencies, Pound Sterling Holds Above 1.27

22 May 2024 at 7 AM - Written by John Cameron

STORY LINK Dollar Drifts Against European Currencies, Pound Sterling Holds Above 1.27

The Pound to Dollar (GBP/USD) exchange rate held firm on Monday and traded above the 1.2700 level on Tuesday, close to 2-month highs, as low volatility limited support for the dollar. If dollar moves remain limited, GBP/USD moves will tend to be dominated by the UK inflation data and Bank of England (BoE) interest rate...

CATEGORIES: Pound Dollar Forecasts

Pound to US Dollar Exchange Rate Forecast: UK CPI This Week

19 May 2024 at 1 PM - Written by Frank Davies

STORY LINK Pound to US Dollar Exchange Rate Forecast: UK CPI This Week

The Pound to Dollar exchange rate GBP/USD jumped after the latest US inflation data and, after a correction, there was a fresh advance to 5-week highs just above the 1.27 level. Danske Bank expects GBP/USD will weaken to 1.17 on a 12-month view while ING expects the pair will be held to 1.25 as the Pound loses ground in global...

CATEGORIES: Pound Dollar Forecasts

Euro to US Dollar Outlook: Divergence Remains a Key Theme

19 May 2024 at 1 PM - Written by David Woodsmith

STORY LINK Euro to US Dollar Outlook: Divergence Remains a Key Theme

Nordea forecasts that the Euro to Dollar exchange rate (EUR/USD) will weaken to 1.04 on a 3-month view with downside risks before a late-year recovery. ING expects that EUR/USD will resist losses and trade at 1.10 at the end of 2024. EUR/USD secured a net advance during the week and hit 5-week highs just below 1.09 during the week...

CATEGORIES: Euro Dollar Forecasts

Pound Sterling Supported by Buoyant Global Risk Conditions

17 May 2024 at 9 AM - Written by John Cameron

STORY LINK Pound Sterling Supported by Buoyant Global Risk Conditions

The Pound to Dollar exchange rate (GBP/USD) spiked higher in initial reaction to Wednesday’s US inflation data. Although there was a quick correction, momentum built again late in the session with renewed dollar losses and gains for European currencies. GBP/USD peaked at a fresh 5-week high of 1.2700 in early Asia before a limited...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Outlook: 10-Day Best Ahead of Crucial US Inflation Data

15 May 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate Outlook: 10-Day Best Ahead of Crucial US Inflation Data

The Pound to Dollar exchange rate (GBP/USD) secured gradual progress on Tuesday and advance to 10-day highs just above 1.2600 on Wednesday. Three major US data releases during the day will be crucial for near-term GBP/USD direction with a potential-jump if inflation data is benign while there will be a sharp dip if the data is higher...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Slides Against Euro and Dollar as June BoE Rate Cut 50-50 Call

14 May 2024 at 3 PM - Written by David Woodsmith

STORY LINK Pound Sterling Slides Against Euro and Dollar as June BoE Rate Cut 50-50 Call

The latest UK data continued to suggest that the labour market is weakening, but wages growth remains a concern. The timing of a Bank of England (BoE) rate cut remains a key influence and the data mix suggests that June remains a very close call. The Pound initially edged higher after the wages data, but then retreated sharply as...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

Pound to Dollar Rate Trades Above 1.25 as US Growth Doubts Keep GBP Afloat

14 May 2024 at 1 PM - Written by John Cameron

STORY LINK Pound to Dollar Rate Trades Above 1.25 as US Growth Doubts Keep GBP Afloat

The Pound to Dollar (GBP/USD) exchange rate held above 1.2500 on Friday, but was unable to build on gains seen after the UK GDP data and held below 1.2550 with the pair consolidating around 1.2530 on Monday amid a softer dollar. The dollar overall has tended to struggle against European currencies, especially with some further survey...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar FX Outlook: US Labour-Market Remains in Focus

12 May 2024 at 3 PM - Written by Frank Davies

STORY LINK Euro to Dollar FX Outlook: US Labour-Market Remains in Focus

MUFG expects that the Euro to Dollar (EUR/USD) exchange rate will strengthen to 1.1050. According to MUFG; “A fourth consecutive monthly upside inflation surprise is required to inject fresh upward momentum into US rates and the USD in the near-term. Whereas in line or softer prints could see the USD give back more of the gains from...

CATEGORIES: Pound Dollar Forecasts

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