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American Dollar Forecast Directory - Page #118

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

Pound to US Dollar Week Ahead Exchange Rate Forecast: "Shortest for the Year"

12 May 2024 at 3 PM - Written by David Woodsmith

STORY LINK Pound to US Dollar Week Ahead Exchange Rate Forecast: "Shortest for the Year"

Currency exchange strategists at Bank of America (BoA) forecast that the Pound to Dollar exchange rate (GBP/USD) will strengthen to 1.33 at the end of this year with a further advance to 1.41 at the end of 2025. BoA expects overall yields will underpin Pound buying in the context of carry trades while the clear out of long positions...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Retreats vs Euro, U.S. Dollar on Bank of England Nerves

7 May 2024 at 5 PM - Written by Tim Boyer

STORY LINK Pound Sterling Retreats vs Euro, U.S. Dollar on Bank of England Nerves

After spiking to 3-week high just above 1.2630 after Friday’s US jobs data, the Pound to Dollar (GBP/USD) exchange rate was unable to hold the gains and retreated to around 1.2535 on Tuesday as UK markets re-opened following Monday’s market holiday. Risk appetite remains strong with the FTSE 100 index posting a fresh record high...

CATEGORIES: Pound Dollar Forecasts

Australian Dollar Slips as RBA Keep Options Open: Pound to AUD Forecast

7 May 2024 at 5 PM - Written by John Cameron

STORY LINK Australian Dollar Slips as RBA Keep Options Open: Pound to AUD Forecast

Tuesday’s RBA meeting was the first central bank meeting of the week, with the BoE due on Thursday. The RBA were relatively hawkish and hikes are still on the table. However, the slowing economy makes further tightening unlikely and the Australian Dollar fell following the meeting. Markets have maintained the bullish momentum...

CATEGORIES: Pound Australian Dollar Forecasts

Pound to US Dollar Week Ahead Exchange Rate Forecast: BoE Key Risk

6 May 2024 at 7 AM - Written by Frank Davies

STORY LINK Pound to US Dollar Week Ahead Exchange Rate Forecast: BoE Key Risk

Morgan Stanley expects monetary policy divergence will undermine the Pound with the risk of a Pound to Dollar exchange rate (GBP/USD) slide to 1.20. CIBC also expects divergence and has an end-2024 GBP/USD forecast of 1.25. MUFG, however, expects a net gain to 1.2950 at the end of the year. Bank of England and Federal Reserve...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Outlook: Divergence "may add Downward Pressure over Short-term" say MUFG

6 May 2024 at 7 AM - Written by David Woodsmith

STORY LINK Euro to Dollar Outlook: Divergence "may add Downward Pressure over Short-term" say MUFG

Currency exchange strategists at CIBC expect the Euro to Dollar exchange rate (EUR/USD) will weaken to 1.05 before a recovery to 1.07 at the end of 2024. MUFG expects net EUR/USD gains to 1.12 after any initial vulnerability. EUR/USD found support close to 1.0650 during the week and rallied to 1.0770 after weaker-than-expected US...

CATEGORIES: Euro Dollar Forecasts

Pound Sterling Below 1.25 as Dollar Dominates Ahead of Fed Policy Decision

1 May 2024 at 4 PM - Written by Frank Davies

STORY LINK Pound Sterling Below 1.25 as Dollar Dominates Ahead of Fed Policy Decision

The Pound to Dollar exchange rate (GBP/USD) dipped sharply from 2-week highs at 1.2565 on Tuesday to trade below 1.2500 as the dollar posted strong gains. Federal Reserve policy guidance, US data and reaction in equity markets will be crucial for the Pound during Wednesday. There will be substantial dollar gains and weakness in...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Outlook: "Risks are Biased Towards U.S. Dollar Losses"

30 Apr 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate Outlook: "Risks are Biased Towards U.S. Dollar Losses"

The US Dollar lost some ground on Monday with strong evidence of Bank of Japan intervention to support the yen triggering a tentative wider retreat in the US currency. The Pound to Dollar (GBP/USD) exchange rate traded just above the 1.2500 level with markets braced for very volatile trading during the week. Bank of Japan actions...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: "Further GBP Weakness in Coming Weeks"

28 Apr 2024 at 1 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Week Ahead Forecast: "Further GBP Weakness in Coming Weeks"

Foreign exchange strategists at HSBC forecast the Pound to Dollar (GBP/USD) exchange rate to slide back below 1.24 in the near-term outlook. According to the bank; “We look for further GBP weakness ahead in the coming weeks. We expect this USD strength to persist, albeit in a more grinding fashion over the next month with attendant...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Exchange Rate Forecast Lowered to 1.05 at Goldman Sachs

28 Apr 2024 at 1 PM - Written by Frank Davies

STORY LINK Euro to Dollar Exchange Rate Forecast Lowered to 1.05 at Goldman Sachs

Goldman Sachs has lowered its 6-month Euro to Dollar (EUR/USD) exchange rate forecast to 1.05 from 1.10 previously. Other investment banks expect a firm dollar, but consider that a EUR/USD slide to parity is less likely due to evidence of a recovery in the Euro-Zone economy. Although EUR/USD edged higher during the week it failed to...

CATEGORIES: Euro Dollar Forecasts

US Dollar Outlook: Fed 2024 interest rate cut "starting to look increasingly more out of reach"

26 Apr 2024 at 5 PM - Written by John Cameron

STORY LINK US Dollar Outlook: Fed 2024 interest rate cut "starting to look increasingly more out of reach"

The Pound to Dollar exchange rate (GBP/USD) was unable to hold 1.2500, but did find support above 1.2450 and traded just below 1.2500. The US Dollar posted renewed gains after the latest US data with markets even less confident over a Fed cut in interest rates amid fresh concerns over inflation trends. The advance US GDP reading for...

CATEGORIES: American Dollar Forecasts

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