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American Dollar Forecast Directory - Page #122

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

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

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

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