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American Dollar Forecast Directory - Page #125

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

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

Pound to Dollar: A Struggle to Hold 1.26

9 Apr 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound to Dollar: A Struggle to Hold 1.26

Given concerns that US inflation data will again rattle markets this week, GBP/USD may struggle to hold above the 1.2600 level. The Dollar posted strong gains in an initial reaction to the US jobs data, but failed to hold the gains. In this context, the Pound to Dollar (GBP/USD) exchange rate found support around 1.2575 and rallied...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: Seasonal Trends in April to Support Sterling

7 Apr 2024 at 8 AM - Written by Frank Davies

STORY LINK Pound to Dollar Week Ahead Forecast: Seasonal Trends in April to Support Sterling

Foreign exchange strategists at Nordea expect that the Pound to Dollar exchange rate (GBP/USD) will secure a limited advance to 1.29 at the end of 2024. MUFG and NatWest have similar forecasts of 1.30, but Danske Bank’s most recent update continued to forecast 1.18 at the end of 2024. Despite fluctuations during the week amid...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar End-2024 Forecast: 1.10 by 2025 say ABN Amro

7 Apr 2024 at 8 AM - Written by David Woodsmith

STORY LINK Euro to Dollar End-2024 Forecast: 1.10 by 2025 say ABN Amro

Foreign exchange analysts at MUFG forecast that the Euro to Dollar (EUR/USD) exchange rate will strengthen to 1.12 at the end of 2024 as the Fed cuts rates. In contrast, Credit Agricole expects a retreat to 1.05 amid Euro-Zone economic vulnerability. The Euro to Dollar (EUR/USD) exchange rate was subjected to choppy trading during...

CATEGORIES: Euro Dollar Forecasts

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