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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.

Why Pound Sterling Should Rise in April and then Fall in May

4 Apr 2024 at 10 AM - Written by John Cameron

STORY LINK Why Pound Sterling Should Rise in April and then Fall in May

The Pound to Dollar exchange rate (GBP/USD)was unable to make any headway into the New York open, but received a significant boost after weaker-than-expected US business confidence data and strengthened to test the 1.2600 level. Scotiabank noted the lack of progress earlier but added; “A move back above 1.2600 should see spot gains...

CATEGORIES: Pound Dollar Forecasts

Euro US Dollar Exchange Rate Forecast to Hit 1.10 in Six Months: Goldman Sachs

1 Apr 2024 at 9 PM - Written by Frank Davies

STORY LINK Euro US Dollar Exchange Rate Forecast to Hit 1.10 in Six Months: Goldman Sachs

Foreign exchange analysts at Danske Bank see scope for the Euro to Dollar exchange rate (EUR/USD) to strengthen to 1.10 on a 2-month view, but forecasts a fresh retreat to 1.05 on a 12-month view. ING sees scope for near-term EUR/USD losses on hawkish Fed commentary, but forecasts significant gains to 1.14 at the end of this...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Week Ahead Forecast: "Sterling Poised for Strength in April"

1 Apr 2024 at 9 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Week Ahead Forecast: "Sterling Poised for Strength in April"

Bank of America analysts notes positive calendar effects for the Pound Sterling in April It added; “Supported by favorable carry trades and a benign risk environment, GBP is poised for strength in April, benefiting from seasonal trends. It sees scope for GBP/USD to strengthen to 1.30 in April. ING has a year-end GBP/USD forecast...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Outlook: Delays in Fed Rate cuts Biggest Risk to FX Markets

29 Mar 2024 at 9 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Outlook: Delays in Fed Rate cuts Biggest Risk to FX Markets

The Pound to Dollar (GBP/USD) exchange rate was unable to challenge 1.2650 on Wednesday and retreated to test the 1.2600 level on Thursday. Inflation concerns have been a key focus on both sides of the Atlantic with hawkish Fed rhetoric supporting the dollar. GBP/USD will need to hold 1.2600 to maintain hopes that it can build on...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Surrenders Gains as US Bond yields Increase, Trades Below 1.2650 vs Dollar

27 Mar 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound Sterling Surrenders Gains as US Bond yields Increase, Trades Below 1.2650 vs Dollar

The Pound to dollar exchange rate (GBP/USD) hit highs just below 1.2670 on Tuesday. It was unable to sustain the peak levels and retreated to 1.2630 after the US open with little net change on the day as the dollar pared losses. There was a lack of underlying energy in markets with an underlying phase of consolidation after last...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Rallies to 1.2650, Asian Warnings Keep USD in Check

26 Mar 2024 at 9 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate Rallies to 1.2650, Asian Warnings Keep USD in Check

The U.S. Dollar was hampered by two global developments during Monday and drifted lower in global markets. In this context, European currencies were also able to secure some relief, although overall moves were still relatively limited. The Pound to Dollar (GBP/USD) exchange rate found support close to 1.2600 and edged higher to near...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Forecast Next 6 Months: Goldman Sachs Raise to 1.33

24 Mar 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate Forecast Next 6 Months: Goldman Sachs Raise to 1.33

Foreign exchange strategists at Goldman Sachs have increased their 6-Month Pound to Dollar exchange rate forecasts (GBP/USD) to 1.33 from 1.30 previously. HSBC, however, sees a risk of a 5% decline from the recent peak just below 1.29. GBP/USD posted significant losses during the week with a slide to 1-month lows at 1.2575 before...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: "Current Levels Attractive to Stay Short GBP/USD" say Danske Bank

23 Mar 2024 at 9 AM - Written by David Woodsmith

STORY LINK Pound to Dollar: "Current Levels Attractive to Stay Short GBP/USD" say Danske Bank

The Pound to Dollar exchange rate (GBP/USD) briefly jumped to 1-week highs at 1.2800 after the Federal Reserve policy decision, but failed to hold the gains. A limited dovish shift by the Bank of England pulled the Pound lower and the dollar also fought back in global markets amid expectations of European interest rate cuts. In...

CATEGORIES: Pound Dollar Forecasts

HSBC Sterling Outlook: "Little justification for this (pound) performance (in 2024)"

21 Mar 2024 at 4 PM - Written by David Woodsmith

STORY LINK HSBC Sterling Outlook: "Little justification for this (pound) performance (in 2024)"

The latest UK inflation data did not trigger a major shift in Bank of England (BoE) expectations or the Pound and markets are now looking to see whether the Federal Reserve policy statement and press conference can lead to a breakout. The Pound to Dollar (GBP/USD) exchange rate found support below 1.2700 and traded just above this...

CATEGORIES: Pound Dollar Forecasts

GBP to USD Outlook: Pound Sterling Braced for Major Transatlantic Event Risk

20 Mar 2024 at 9 AM - Written by John Cameron

STORY LINK GBP to USD Outlook: Pound Sterling Braced for Major Transatlantic Event Risk

The Pound has been unable to make headway against major currencies on Tuesday and will be vulnerable to further losses if Wednesday’s UK inflation data is weaker than expected. The dollar has also held a firm tone with the currency index strengthening to 2-week highs. In this environment, the Pound to Dollar (GBP/USD) exchange...

CATEGORIES: Pound Dollar Forecasts

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