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American Dollar Forecast Directory - Page #126

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

Risk of Further GBP/USD Selling: Scotiabank Pound to Dollar Tech Forecast

5 Feb 2024 at 8 PM - Written by David Woodsmith

STORY LINK Risk of Further GBP/USD Selling: Scotiabank Pound to Dollar Tech Forecast

US Dollar Strength Dominates Markets, GBP/USD Exchange Rate Slides to 7-Week Lows The UK data was firm on Monday, but the Pound was unable to draw any benefit and the Pound to Dollar (GBP/USD) exchange rate posted further significant losses to 7-week lows at 1.2550. Dollar strength is liable to dominate for now unless there is...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Week Ahead Forecast: Short-Term Gains?

4 Feb 2024 at 12 PM - Written by Frank Davies

STORY LINK Pound to Dollar Rate Week Ahead Forecast: Short-Term Gains?

Where next for Sterling? Longer-term forecasts by MUFG show the Pound to Dollar exchange rate could strengthen to 1.31 at the end of 2024. In contrast, Rabobank has a 3-month forecast of 1.25 while Credit Agricole has an end-2024 forecast of 1.25. The Bank of England (BoE) pushed back against market expectations of an early cut in...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar in 2024: Danske Bank Predicts 1.05 in Twelve Months

4 Feb 2024 at 12 PM - Written by David Woodsmith

STORY LINK Euro to Dollar in 2024: Danske Bank Predicts 1.05 in Twelve Months

Foreign currency experts at Danske Bank expect that the Euro to Dollar exchange rate to weaken towards 1.05 on a 12-month view. In contrast, MUFG expects EUR/USD will strengthen to 1.14 at the end of 2024. Dollar bears suffered a double setback during the week. Federal Reserve Chair Powell cast major doubts on the potential for an...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Rate End-of-Week Forecast: Is 1.28 Next?

2 Feb 2024 at 10 AM - Written by John Cameron

STORY LINK Pound to Dollar Rate End-of-Week Forecast: Is 1.28 Next?

BoE Mirrors Fed Reluctance to Endorse Interest Rate Cuts, GBP/USD Rallies to 1.2700 The Bank of England (BoE) Monetary Policy Committee (MPC) held interest rates at 5.25% at the latest policy meeting which was in line with consensus forecasts. The BoE and Federal Reserve have rejected market pricing for interest rates and relatively...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Forecast Next Few Weeks: 1.0650-1.1000 say Westpac Analysts

2 Feb 2024 at 10 AM - Written by Frank Davies

STORY LINK Euro to Dollar Forecast Next Few Weeks: 1.0650-1.1000 say Westpac Analysts

EUR/USD Exchange Rate Slides to 7-Week Lows as Fed’s Powell Says March Rate Cut is Unlikely The dollar dipped at times following Wednesday’s Federal Reserve policy decision, but Chair Powell’s comments that a March rate cut was unlikely proved decisive and the dollar posted significant net gains. Risk appetite was also less...

CATEGORIES: Euro Dollar Forecasts

Pound Sterling Treads Water vs US Dollar Ahead of Bank of England

1 Feb 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound Sterling Treads Water vs US Dollar Ahead of Bank of England

Foreign exchange update: The Pound to Dollar exchange rate found support just below 1.2670 and posted net gains to above 1.2700 after the New York open. Markets were monitoring event risk closely with two central bank positions over the next 24 hours. According to Kirstine Kundby-Nielsen, FX analyst at Danske Bank; "Markets are just...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Mid Week Forecast: Narrow ranges will support Sterling

31 Jan 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Mid Week Forecast: Narrow ranges will support Sterling

The Pound to dollar (GBP/USD) exchange rate dipped to 10-day lows on Tuesday following weaker-than-expected UK lending data and stronger-than-expected US job-openings data. The Euro did manage to make net gains against the dollar and GBP/USD recovered to 1.2685 around the European close. There was on-going caution ahead of...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Outlook: GBP Dips Below 1.27 on USD Strength

30 Jan 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Outlook: GBP Dips Below 1.27 on USD Strength

The Pound to Dollar (GBP/USD) exchange rate dipped to lows below 1.2670 before stabilising. Market conditions were subdued on Monday, especially with no data releases. Position adjustment ahead of this week’s central bank meetings was a key element with expectations of a more dovish Bank of England stance curbing Pound support,...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Week Ahead Forecast: Waiting for a Break

28 Jan 2024 at 3 PM - Written by Frank Davies

STORY LINK Pound to Dollar Rate Week Ahead Forecast: Waiting for a Break

ING’s central case for the Bank of England (BoE) policy meeting is that the Pound to Dollar exchange rate will trade at 1.2700 with a possible range of 1.2650-1.2850 depending on the rate split and forward guidance. According to Scotiabank, the broader 1.26/1.2825 range for GBP/USD remains intact. GBP/USD was held in narrow ranges...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar FX Outlook: 1.05 by end of 2024 say Credit Agricole

28 Jan 2024 at 3 PM - Written by David Woodsmith

STORY LINK Euro to Dollar FX Outlook: 1.05 by end of 2024 say Credit Agricole

Foreign currency experts at Credit Agricole predict that the Euro to Dollar exchange rate will weaken to 1.05 at the end of 2024. After initial hesitation and vulnerability with the threat of 1.0715/25, ING still expects that EUR/USD will strengthen to 1.15 by the end of 2024. EUR/USD dipped to 6-week lows just below 1.0815 during...

CATEGORIES: Euro Dollar Forecasts

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