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American Dollar Forecast Directory - Page #119

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

Sterling Recovery Continues, Pound to Dollar Rate Above 1.25

25 Apr 2024 at 5 PM - Written by John Cameron

STORY LINK Sterling Recovery Continues, Pound to Dollar Rate Above 1.25

Although the US Dollar has posted 34-year highs against the Japanese Yen, the US currency has not been able to sustain the advance against European currencies. The dollar index overall has retreated to 105.25. The Pound has also continued its recovery in global markets and the Pound to Dollar (GBP/USD) exchange rate has broken back...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Rebounds After UK and US PMI Data Jolts Expectations

24 Apr 2024 at 8 AM - Written by John Cameron

STORY LINK Pound Sterling Rebounds After UK and US PMI Data Jolts Expectations

Solid UK business confidence data, together with weaker-than-expected US data has triggered a sharp Pound rally on Tuesday with the current market narrative of US economic out-performance under fresh scrutiny. The Pound to Dollar (GBP/USD) exchange rate has jumped to near 1.2450 from early lows at 1.2330. Latest US survey data has...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Parity Forecasts: "Bearish Outlook from Here" say Credit Agricole

21 Apr 2024 at 9 AM - Written by Frank Davies

STORY LINK Euro to Dollar Parity Forecasts: "Bearish Outlook from Here" say Credit Agricole

Foreign exchange analysts at ING no longer expect the Euro to Dollar (EUR/USD) exchange rate to trade above 1.10 this year. Barclays expects a 1.05-1.06 range over the next few months. Credit Agricole considers that some negatives are in the price of EUR/USD, but added; “we maintain our bearish outlook from here and now see a...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Week Ahead Outlook: Latest GBP/USD Forecast Ranges

21 Apr 2024 at 9 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Week Ahead Outlook: Latest GBP/USD Forecast Ranges

Currency exchange analysts at Barclays Bank forecast the Pound to Dollar (GBP/USD) exchange rate will weaken to 1.21 in the short term outlook. The shift in US interest rate expectations has continued to take its toll on GBP/USD forecasts with Danske, for example, forecasting 1.16 on a 12-month view. GBP/USD dipped to 5-month lows...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: Sticky UK Services Inflation Boosts Sterling Exchange Rates

18 Apr 2024 at 9 AM - Written by John Cameron

STORY LINK Pound to Dollar: Sticky UK Services Inflation Boosts Sterling Exchange Rates

The Pound to Dollar (GBP/USD) exchange rate dipped further to 5-month lows just above 1.2400 on Tuesday before a recovery to 1.2470 after the latest UK data. Expectations of near-term Federal Reserve interest rates have continued to fade with the potential for a June cut close to being ruled out while the chances of a July cut are now...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Forecast: Volatility to Remain Elevated

16 Apr 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound Sterling Forecast: Volatility to Remain Elevated

Pound Volatility to Remain Elevated, GBP/USD Attempts to Recover from 4-Month Lows The Pound to Dollar exchange rate (GBP/USD)came under sustained pressure on Friday with a slide below 1.1500 and 4-month lows just above 1.2425. The dollar continued to see strong buying following the shift in Federal Reserve expectations. GBP/USD...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Outlook: Banks Downgrade GBP/USD Forecasts

14 Apr 2024 at 3 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Week Ahead Outlook: Banks Downgrade GBP/USD Forecasts

Investment banks overall have tended to downgrade their Pound to Dollar exchange rate forecasts (GBP/USD). Credit Agricole and RBC Capital Markets were already forecasting 1.25 and 1.24 respectively for the end of 2024. ING has now dropped its forecast of GBP/USD gains to 1.30 or higher this year and is backing 1.25. The decisive...

CATEGORIES: Pound Dollar Forecasts

Euro US Dollar Exchange Rate Forecast to Recover to 1.10: Nomura

14 Apr 2024 at 10 AM - Written by Frank Davies

STORY LINK Euro US Dollar Exchange Rate Forecast to Recover to 1.10: Nomura

Following this week’s developments, US Dollar bears have been forced into hibernation. ING has dropped its forecast that the Euro to Dollar (EUR/USD) exchange rate will trade above 1.10 this year. MUFG added; “We see further declines ahead.” EUR/USD posted sharp loses on the week as markets reassessed the outlook for US...

CATEGORIES: Euro Dollar Forecasts

Dollar to Pound Exchange Rate Rallies as US Inflation Heats

11 Apr 2024 at 9 AM - Written by John Cameron

STORY LINK Dollar to Pound Exchange Rate Rallies as US Inflation Heats

The US inflation data dominated markets on Wednesday. The dollar edged lower into the latest consumer prices release amid hopes for a moderation in inflation, but there was a sharp and substantial reversal as the data again came in above market expectations. Equity markets also reversed sharply with the FTSE 100 index, for example,...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Secures Gains Ahead of Key US Inflation Data

10 Apr 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate Secures Gains Ahead of Key US Inflation Data

The Pound to Dollar (GBP/USD) exchange rate has edged higher to near 1.2685 on Tuesday as the dollar has lost ground against European currencies. US yields have continued to move in favour of the dollar over the past 24 hours, but the US currency has failed to benefit and Scotiabank sees scope for further GBP/USD gains if there is a...

CATEGORIES: Pound Dollar Forecasts

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