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American Dollar Forecast Directory - Page #120

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

US Inflation of -0.1% Drops Dollar Exchange Rates

13 Jul 2024 at 2 PM - Written by David Woodsmith

STORY LINK US Inflation of -0.1% Drops Dollar Exchange Rates

US CPI in June was expected to be soft, but the readings were even better than estimates. Taken in context of Fed Chair Powell’s comments this week, a rate cut is now almost certain in September. Stocks have been higher every day this week and are set for further gains, while the US dollar has dropped to the June lows....

CATEGORIES: American Dollar Forecasts

Pound to Dollar Forecast: Will 4-Month Best Hold for GBP/USD Buyers?

12 Jul 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Forecast: Will 4-Month Best Hold for GBP/USD Buyers?

Stronger than expected GDP data and hawkish Bank of England (BoE) rhetoric has triggered renewed Pound gains in global markets. The Pound to Dollar (GBP/USD) exchange rate hit 4-month highs at 1.2870 and close to 11-month highs. US inflation data will be a key element for GBP/USD later in the day. A sustained move above 1.2860...

CATEGORIES: Pound Dollar Forecasts

New Zealand Dollar Drops Sharply as RBNZ Makes a Dovish Shift

10 Jul 2024 at 5 PM - Written by David Woodsmith

STORY LINK New Zealand Dollar Drops Sharply as RBNZ Makes a Dovish Shift

The RBNZ made a strong dovish shift in Wednesday’s meeting. While there were no firm commitments, the language of the statement suggested cuts are coming in Q4. The New Zealand Dollar dropped sharply and NZDUSD is –0.8%. European stock markets are staging a recover rally on Wednesday after several days of declines in the...

CATEGORIES: New Zealand Dollar Forecasts

Dovish Fed Comments Would Boost Pound to Dollar Exchange Rate

10 Jul 2024 at 8 AM - Written by John Cameron

STORY LINK Dovish Fed Comments Would Boost Pound to Dollar Exchange Rate

The Pound to Dollar exchange rate (GBP/USD) hit 3-Week highs near 1.2850 on Monday, but failed to hit 4-Month highs at 1.2860 and retreated to near 1.2800 on Tuesday. The outlook for interest rates on both sides of the Atlantic will be crucial for exchange rates with scope for Pound gains if momentum for a September Fed rate cut...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: Three Week Best Conversion Rate to Hold?

7 Jul 2024 at 4 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Week Ahead Forecast: Three Week Best Conversion Rate to Hold?

The Pound to Dollar (GBP/USD) exchange rate strengthened to 3-week highs above 1.2800 on a combination of weaker dollar and positive reaction to the UK General Election result. Danske still expects GBP/USD will weaken to 1.18 on a 12-month view. In contrast, MUFG is backing gains to 1.3250 by the first quarter of 2025. Political...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Exchange Rate Slides as Trump Court Victory Boots USD Demand

2 Jul 2024 at 1 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Exchange Rate Slides as Trump Court Victory Boots USD Demand

A US Supreme Court ruling on Monday triggered a fresh round of speculation that Trump would win the November Presidential election. US yields moved higher in anticipation of a loose fiscal policy and the dollar gained net support. The Pound to Dollar (GBP/USD) exchange rate dipped to 1.2615 and close to 6-week lows. US data and...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling to Dollar Exchange Rate Forecasts Live: 1.18-1.25

30 Jun 2024 at 2 PM - Written by Frank Davies

STORY LINK Pound Sterling to Dollar Exchange Rate Forecasts Live: 1.18-1.25

Danske Bank forecasts a Pound to Dollar (GBP/USD) exchange rate slide to 1.18 on a 12-month view. Credit Agricole expects GBP/USD to be held at 1.25 at the end of 2024 before a significant recovery to 1.35 at the end of next year. GBP/USD dipped to 6-week lows just below 1.2620 during the week and struggled to make more than a very...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Outlook Scenarios: French Election 2024

30 Jun 2024 at 2 PM - Written by David Woodsmith

STORY LINK Euro to Dollar Outlook Scenarios: French Election 2024

The Euro to Dollar exchange rate (EUR/USD) touched seven-week lows at 1.0660 during the week before creeping back above 1.07. The near-term focus will be on the French parliamentary elections with opinion polls suggesting that President Macron’s centrist party is running behind the right-wing National Rally (RN) and left-wing...

CATEGORIES: Euro Dollar Forecasts

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

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